Family Balance Sheet
OCTOBER 18, 2019
Our 2019 Financial Goal. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time.
Family Balance Sheet
APRIL 9, 2021
We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Number 4 was knocked out in 2019.
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Family Balance Sheet
APRIL 11, 2020
Our business has definitely been affected with no end in sight. I have written often about the importance of an emergency fund. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan. My second prayer is that my family gets through this crisis financially. Cash is King.
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. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts.
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