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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Storm #2: 2013. August 2013 was a month that I’d like to wipe from my memory. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. I still use my spreadsheet to this day! Yep, life was good.

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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

I think I started reading FG regularly in 2018 or 2019. My husband and I bought our first home in 2013 when interest rates and housing prices were pretty low. In my 20’s, I finally had a “real” job and wanted to buy a newer car. canned peaches = summer in a jar 2. homemade bagels! for anyone curious ?

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

We didn’t have enough cash saved to buy a car without a loan and that wasn’t sitting well with me. In early March before the crazy began, we decided to order the tires and stick with the van for another year or two and save up more funds to buy our next vehicle. I have been using it ever since.

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Our 2018 Financial Goals

Family Balance Sheet

If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. Our Debt Freedom Plan (an update): In 2013, we found ourselves with a lot of debt and not enough cash flow. Our estimated payoff date is by the end of 2019.

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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019.

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