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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 a Reader | Mid-Atlantic Julia

The Frugal Girl

My husband and I have four kids ranging from age 3-8, and I am a stay-at-home mom. Last year, to make a little extra cash, I started boarding dogs through Rover, and I am about to start a very very part time job using my RN license for a home care company. I think I started reading FG regularly in 2018 or 2019.

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Family Office Manager

Family Balance Sheet

Instead, he shared the story about Susan, a wife, and mother who handled all of the financial tasks in her home, from budgeting to making investment decisions. I read this book around the same time that I became a mother and left the full-time workforce to stay at home with our new baby. Update budgeting software on a regular basis.

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Our Family Finances Update: January 2021

Family Balance Sheet

We’re converting our basement to a family room area and the original family room (in the pic above) is becoming a home office. I said goodbye to mini-van life in January when we traded in our 2007 Honda Odyssey for a 2018 Toyota Highlander. And we paid off six figures of business debt before, we will pay off this car loan too.

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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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My Word for 2019

Family Balance Sheet

I want to reduce our debt by paying off our last non-mortgage loan. . It was a goal in 2018, but high medical bills and other financial challenges hindered our progress. I want to reduce our clutter/stuff by getting rid of the things that cramp our small home and aren’t really that important to our quality of life.

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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. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

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