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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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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

We’ve had several instances over the years that have shaped how we viewed and managed our money. How Our Debt Freedom Plan Prepared Us for the Pandemic. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. This new business debt weighed on me.

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My Word for 2021

Family Balance Sheet

Choosing a word to focus on for the New Year has been very popular over the years. I joined the crowd many years ago only to completely forget about my word by mid-March. But 2019 was different. By the end of 2019, we nailed one major bullet point and I was on cloud nine. Read: A 2019 Recap.

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Our 2023 Financial Goals

Family Balance Sheet

We decided on one big audacious financial goal for the year, and it’s a doozy! 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. How will we make these goals?

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7 Ways to Spring Clean Your Finances

Family Balance Sheet

Do our goals still make sense now that we’re in the trenches of the new year? T – time-based, tangible, In 2019, we paid off six figures of non-mortgage debts. It took us many years so I broke the payoff goal into smaller chunks. Related Reading : How We Paid off Six Figures of Debt. M – measurable.

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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.