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2019 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

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Which Bill Payments to Prioritize When You’re Broke

Prairie Eco-Thrifter

Even though the future may offer a brighter hope, one thing that is dim at the moment of crisis and that is, even if you do not have any money anymore, the bills will continue to come. Good money management technique is what you need to get the bills paid. You cannot afford not having a roof over your head or shelter for your family.

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7 Ways to Spring Clean Your Finances

Family Balance Sheet

I’m going to be spending the next few weeks giving my family’s finances a good spring cleaning. T – time-based, tangible, In 2019, we paid off six figures of non-mortgage debts. Related Reading : How We Paid off Six Figures of Debt. Update (or create) your Family Balance Sheet. Review your Yearly Goals.

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

She is the co-founder of the website, Little Light on a Hill , where she writes about faith, family, and finances. I love her passion for helping others along their debt free journey. Krystal & Josh’s Debt Free Story. Tell us about you and your family. to be able to go on a family missions trip.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. I manage the finances for our business and our family and by August 2013, I felt the weight of the situation.

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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

We carried no credit card debt and we contributed to our retirement. Our small business was going well and we said so long to renting office space and purchased a commercial property. We had a lot of debt, not enough cash flow, and very little set aside for emergencies. Prior to that, we thought we were golden. Stay positive.

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How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. Also, the monthly mortgage payment was less than our rent payment.

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