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2019 Debt Freedom Plan Update

Family Balance Sheet

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. We can now move on to other financial goals. 2018 Update.

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Frugal February

Family Balance Sheet

One month down for 2019. How did you do with your financial goals in January? We have only one financial goal for 2019 and we made some progress in January. It was a great feeling to make that payment, and to continue the momentum I want to double down on our financial goal.

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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? Take some time to review your yearly financial goals. SMART goals are: S – specific. T – time-based, tangible, In 2019, we paid off six figures of non-mortgage debts. Did you use the S.M.A.R.T. method when writing them?

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Create your debt freedom plan

Family Balance Sheet

Number 4 was knocked out in 2019. We sent our very last payment to my husband’s student loan in September 2019, the same month I turned 50. We originally (and naively) estimated that we would be done by end of 2016, however, 2016 was not been kind to us, and we moved this goal into 2017. Update: DONE Sept 2019!!

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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. The Heavy Hitters: 1. We increased our income. Also, we both have side hustles.

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