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2019 Debt Freedom Plan Update

Family Balance Sheet

Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. 2016 & 2017 Update. We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt.

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Create your debt freedom plan

Family Balance Sheet

We also had some building repairs that we needed to cash flow. Pay off all Non-Mortgage Debt. Our non-mortgage debt was in the six figures and included a student loan and business loans. We used Dave Ramsey’s debt snowball method. | Related Reading: WHY We Wanted to be Debt Free. Brain dump!

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How We Paid off Six Figures of Debt

Family Balance Sheet

This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. While we don’t regret the decision to pause retirement contributions, since it’s a big reason why we were able to pay off so much debt, we did start to feel uneasy. Health Sharing Ministry.

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