article thumbnail

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.

Debt 100
article thumbnail

My Word for 2019

Family Balance Sheet

So will 2019 be any different for me? My word for 2019 is REDUCE. I want to reduce our debt by paying off our last non-mortgage loan. . My plan is for 2019 to be different. I spent most of the holidays baking cookies, eating cookies that others gave us, and dreaming of cookies that I’d like to try.

2019 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Our 2023 Financial Goals

Family Balance Sheet

My husband and I discussed some ideas over our holiday break. The last time we wrote numbers-driven financial goals was 2019. That was the year that we made the goal of paying off the last of our non-mortgage debts and we achieved it by September of that year. We used the snowball method to pay off our non-mortgage debts.

article thumbnail

Our 2018 Financial Goals

Family Balance Sheet

My husband and I discussed some ideas over our holiday break and we decided on 2 solid must-achieve financial goals for the year. This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. If not, we’ll start saving in 2019. I’ll apply that money to the debt.