Baby Financial Goals Kids Pay Off Debt 
Family Balance Sheet
OCTOBER 18, 2019
To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. From what we learned in the course, we wrote our Debt Freedom Plan. We loosely based our plan on Dave Ramsey’s 7 Baby Steps, but modified them to address our needs and lifestyle.
Family Balance Sheet
NOVEMBER 19, 2014
Amanda currently homeschools their three kids. How much debt did you pay off? What kind of debt was it? We paid off $68,000 of debt in eight months. The debt included about $30,000 in student loans, some medical debt, IRS debt, and a small amount on a credit card.
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Family Balance Sheet
JUNE 16, 2015
The fear of losing my baby led to the desire for me to be a stay at home mom, but I knew that would never work if we were in such debt. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? We started listening to Dave Ramsey and followed his baby steps pretty closely.
Family Balance Sheet
APRIL 9, 2021
Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. He calls it his 7 Baby Steps. Listed below is our original debt freedom plan that we wrote back in 2013. What’s your motivation for debt freedom? Paying off debt is not fun.
Family Balance Sheet
AUGUST 5, 2015
We had become so accustomed to living off both incomes that we really had to re-adjust a few lifestyle choices so we could live off just my husbands income. This ultimately is what put us on the fast track for paying off debt in such a quick amount of time. If married, who initiated the debt free goal?
Family Balance Sheet
SEPTEMBER 29, 2016
Jeff plays hockey and badminton and we take turns running the kids to their figure skating lessons. How much debt did you pay off? What kind of debt was it? Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living? What are your financial goals now?
Family Balance Sheet
MAY 27, 2015
What inspired you to get debt free? There were two things that inspired us to pay off debt. I knew I was going to be a stay at home mom when we had kids and since we were both teachers, we simply could not afford for me to stay home, unless we got rid of something big in our budget. Was there a particular event?
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