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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet.

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Create your debt freedom plan

Family Balance Sheet

Listed below is our original debt freedom plan that we wrote back in 2013. We celebrated both occasions with a family cruise that we paid for with cash. During our debt payoff mode, we camped and went on beach trips with extended family, but never left the country…honestly, we never left the east coast.

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2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. 5 – Cash flow a family trip to celebrate. . 11 – Cash flow a family trip to celebrate complete debt freedom.

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5 Steps to Crush Debt in 2016 + FREE Debt Payoff Goal Tracker

Family Balance Sheet

We need to find/earn even more money each month to throw at the debt to make our goal by December 31, 2016. It’s a crazy goal, but I like a challenge and I’m looking forward to our reward when everything is paid off. So I concocted an idea to pay them off early and wrote our Debt Freedom Plan.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Instead of writing, “I want to pay off debt” or “I don’t want to live paycheck to paycheck”, commit to “I want to pay off $X of credit card debt in 201X and I will stop using credit cards from this point forward.” Will it be your spouse, coworkers, family, a Facebook support group?

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

They paid off $36,000 in debt and cash flowed graduate school. Tell us about you and your family. After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. The first step in this diligence was paying off debt. They blog at 2 Copper Coins. Where are you from?

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How We Paid off Six Figures of Debt

Family Balance Sheet

By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. Overwhelmed with everything, I wrote our first Debt Freedom Plan based on Dave Ramey’s 7 Baby Step strategy but tailored to our lifestyle. Living a life focused on paying off debt is not always easy.

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