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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Our only spending going forward will be for essentials, such as our mortgage, utilities, groceries, our Medi-Share premium , and fuel for the cars. The van has been awesome, especially when our kids were younger, but it needed 4 new tires and I didn’t want to replace them if we were going to get another car.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. It was a scary time for us.

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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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