article thumbnail

My 2020 Financial Goals & A Recap of 2019

Family Balance Sheet

However, 2019 was the first year that I found a word that I could stand by. I adored my word and everything about what I was trying to achieve for 2019. By the end of 2019, I achieved one major bullet point and the others will continue to be a work in progress. My word was REDUCE: Non-mortgage debt to zero.

article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. We were privileged to be able to do so for a few months but we must stop this for the unforeseeable future. Update our Debt Freedom Plan to reflect lessons learned during this crisis.

Budgeting 246
article thumbnail

Our 2018 Financial Goals

Family Balance Sheet

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. I’ll apply that money to the debt.