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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

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. Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. If debt freedom is your goal , what can you accomplish THIS year?

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Our Big Financial Goal for 2016

Family Balance Sheet

As God is my witness, it WILL be the year that we pay off the last of our non-mortgage debt. At the time, we had 4 business loans and 1 student loan that were weighing on us, so we created our Debt Freedom Plan. Choose Thrift First. Apply any Found Money to Debt. I’ll apply that money to the debt.

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Where I found EXTRA Money in May 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This past winter I cleaned out closets and drawers in my quest to minimize and downsize our stuff and donated everything to the thrift store, rather than hold on to it for the spring sale. It wasn’t worth my time.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Being self-employed, we have a higher starter fund on hand and when we pay off our non-mortgage debt, we will save to at least 6 months expenses and maybe even more. 1 – Determine how much you need.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Check my Frugal Family Activities list for ideas.

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Meet a Reader | M from the PNW

The Frugal Girl

I used to garage sale quite a bit for my kids’ toddler and preschool clothes but as they’ve gotten bigger and pickier I have better luck finding what they’ll wear in their size at the thrift store. A plea from the thrift store My most recent thrifting score was a down coat I needed for my younger child for a backpacking trip.

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Sustainable Living Traits To Pass On To Your Children

Prairie Eco-Thrifter

Maintaining a healthy diet and an active lifestyle are integral to keeping our bodies and minds fit. Make it be known that that that there is nothing wrong in purchasing second-hand items from thrift stores, yard sales, or via classified ads or even online via places like eBay or Craigslist.

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