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2019 Debt Freedom Plan Update

Family Balance Sheet

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. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

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

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free?

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Today’s Debt Free Story is from Shannon. How much debt did you pay off? What kind of debt was it? As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. Read more about Shannon’s debt free journey. Where are you from?

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Meet a Reader | JenRR from the Midwest

The Frugal Girl

We ending up buying our current home in 2015, when local prices and interest rates were significantly lower. The first few years after graduating, I racked up a large credit card debt and bought a new SUV that cost approximately the same as my annual salary. Childhood joy. helping out 7.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. We had quite a bit of momentum coming out of 2015 and I never doubted our own abilities. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan.

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Stay the Course Financially

Prairie Eco-Thrifter

Recent graduates were also hard hit. One of the most recent survey’s available reported: “Average expenditures per consumer unit1 for July 2014 through June 2015 were up 5.9 With so many experienced and competent workers on the prowl for jobs, it became very difficult for inexperienced young folks to gain traction.