Family Balance Sheet

OCTOBER 18, 2019

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. DONE 2015. 4 – Pay off all Non-Mortgage Debt. | DONE September 2019!!! DONE – 6/1/2014.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

APRIL 9, 2021

The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. We also had some building repairs that we needed to cash flow. Pay off all Non-Mortgage Debt. We used Dave Ramsey’s debt snowball method. |

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

FEBRUARY 2, 2017

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.” We focused and paid off 2 loans by end of 2015, and one loan in 2016.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

AUGUST 4, 2014

When Jon and I were married, we acknowledged that high paying careers were not on the docket for us, knowing that we wanted to have both comfortable and generous lives we decided that we would have to be incredibly diligent with our resources. The first step in this diligence was paying off debt.

Debt Free 243

Debt Free Debt Goals Student 243

Family Balance Sheet

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. Read: How to Build your Emergency Fund and 25 Ways to Find Money for your Emergency Fund.

Emergency Fund 100

Emergency Fund Money Finance Debt 100