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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. When that loan was paid off, we put that full monthly amount towards the third loan and this continued until September 2019 when we made our last non-mortgage loan payment.

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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. In 2020, we still use and are thankful for Medi-share. The Heavy Hitters: 1. We increased our income.

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