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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. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. How Our Debt Freedom Plan Prepared Us for the Pandemic. Our first storm: 2007.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

However, reality set in on April 1st and I’m now second-guessing that we have enough money set aside, so I have set into motion some strategies to prepare for the unstable economy and any lost income ahead. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan.

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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. My grocery strategies: How to Save Money on Groceries. The Heavy Hitters: 1. We increased our income.

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