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2019 Debt Freedom Plan Update

Family Balance Sheet

2016 & 2017 Update. Our 2019 Financial Goal. 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. 3 – Cash flow necessary business expenses and renovations.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. year-old Honda Odyssey needed four new tires, but before we bought them, we started looking for a vehicle from 2016 or 2017. Yep, life was good.

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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. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. We’re no spring chickens, so in November 2016, we started contributing again to our retirement.

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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. 2016 Update. Cash flow necessary business expenses and renovations. Our estimated payoff date is by the end of 2019. Save for a camper upgrade.