Family Balance Sheet

FEBRUARY 23, 2016

It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment. We need to find/earn even more money each month to throw at the debt to make our goal by December 31, 2016. And with fingers crossed, hard work, and much prayer, 2016 will be the year we taste freedom.

Debt 100

Debt Goals 2016 Calculators 100

Family Balance Sheet

APRIL 9, 2021

Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. Dave Ramsey has a plan and it has worked for millions of people. Currently, we’re working on steps 6, 7, and 8 simultaneously. Our Debt Freedom Plan – written in 2013.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

OCTOBER 18, 2019

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.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

FEBRUARY 2, 2017

She hit that goal in September 2016. Elle and her husband paid off a car loan and saved cash for their next car. Their 2017 goal is to boost their savings rate and get their expenses down to $30,000 a year as they work towards financial independence. Jackie and her husband paid off $147,000 of debt in 10 years and are debt free.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

AUGUST 11, 2016

You work until you are 65 and then retire. Work for the same company for 35+ years. Another friend chimed in, “we’ll never stop working, retirement isn’t possible.” We charted out our course of action to pay off debts and start saving for retirement. Many are thinking outside the box.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

JUNE 22, 2020

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. We’re no spring chickens, so in November 2016, we started contributing again to our retirement. Health Sharing Ministry. How do you eat an elephant?

Debt 130

Debt Health Insurance Insurance Budgeting 130