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2019 Debt Freedom Plan Update

Family Balance Sheet

Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. Our 2019 Financial Goal. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. 1 – Save a starter Home Emergency Fund. 1st Update in June 2014.

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Create your debt freedom plan

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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. DONE 2013. . |

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

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Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. This list became our personal Debt Freedom Plan. 5 – Celebrate your wins.

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How We Paid off Six Figures of Debt

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In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. When the smallest loan was paid off, we put that minimum payment towards the next smallest loan.

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