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2019 Debt Freedom Plan Update

Family Balance Sheet

A lot of life happened over 7 years and our plan changed slightly, but our goal remains to achieve complete freedom from debt. Our 2019 Financial Goal. We can now move on to other financial goals. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. 2018 Update.

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Create your debt freedom plan

Family Balance Sheet

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.

Debt 130
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Our 2018 Financial Goals

Family Balance Sheet

Did you make 2018 financial goals ? My husband and I discussed some ideas over our holiday break and we decided on 2 solid must-achieve financial goals for the year. If we complete them early, we’ll move on to 2 additional goals that are on our radar. If not, we’ll start saving in 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. We moved the goal post multiple times. The Heavy Hitters: 1. We increased our income.

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