Family Balance Sheet

MAY 6, 2020

How Our Debt Freedom Plan Prepared Us for the Pandemic. I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. This new business debt weighed on me.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

APRIL 11, 2020

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. Our only spending going forward will be for essentials, such as our mortgage, utilities, groceries, our Medi-Share premium , and fuel for the cars. Plus, I was getting antsy for a new car.

Budget 246

Budget Budgeting Family Debt 246

Family Balance Sheet

JUNE 22, 2020

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. After the first year, the new business debt weighed on me. Our non-mortgage loans totaled over six figures.

Debt 130

Debt Health Insurance Insurance Budgeting 130