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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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Our 2019 Financial Goal

Family Balance Sheet

In 2018, we decided to focus on just 2 main financial goals and before I share my 2019 goals I thought I would give you a recap on 2018. Our 2018 Financial Goals: Finish our Will. In March of 2018, we had our wills, medical directives, and powers of attorney completed by an attorney. It’s similar to a deductible.

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Our 2018 Financial Goals

Family Balance Sheet

Did you make 2018 financial goals ? Our 2 Main Financial Goals for 2018: 1 – Finish the will. This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. We’d like to start saving for it in 2018, if possible. The Guidelines for 2018: 1.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. His 2017 goal is to make $100,000 in online income.

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Our Family Finances Update: January 2021

Family Balance Sheet

I said goodbye to mini-van life in January when we traded in our 2007 Honda Odyssey for a 2018 Toyota Highlander. I talk a lot about debt freedom and that is still a goal of ours, and our Debt Freedom Plan will be adjusted. And we paid off six figures of business debt before, we will pay off this car loan too.

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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

I think I started reading FG regularly in 2018 or 2019. and realized we should pay off this debt as quickly as possible. , baking, library storytimes, and being involved in our church’s Bible study, meals for the sick, and other various ministries. canned peaches = summer in a jar 2. homemade bagels! for anyone curious ? )

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Family Office Manager

Family Balance Sheet

After 20 years, I switched from Quicken software to You Need a Budget (YNAB) software in 2018 for our household. Implement our Debt Freedom Plan. Once we came to an agreement that paying off our non-mortgage debt was a priority, I put the plan into action. Create our family’s financial goals and Debt Freedom Plan.

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