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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. Our first storm: 2007.

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WHY We Want to Be Debt Free

Family Balance Sheet

Why are we jumping through these hoops to be debt free? WHY do we want to be debt free? They see my husband working long hours at his office. Yet they’re still the typical kids who want to buy a toy every time we walk into Target. Daddy and I needed to pay off some debts before we could make a trip to Disney.

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How Can Thriftiness Become a Debt Relief Option?

Prairie Eco-Thrifter

Guest Post Author Bio: Ryan is a contributory writer associated with the Debt Consolidation Care Community and has written several articles for various financial websites. He holds his expertise in the Debt industry and has made significant contribution through his various articles. Leave behind debt relief options.

Debt 171
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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Today’s debt free story is from Aja. I own a software consultancy that I run from home and my husband is a letter carrier with the post office. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid off about $110K worth of debt. Where are you from?

Debt 100
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Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

Repaying any debts Entrepreneurs often shoulder substantial debts, whether a business loan, credit lines or personal obligations incurred during the start-up phase. The proceeds from your life insurance policy can be used to repay these debts, ensuring that your family is not responsible for settling them.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

My husband and I are self-employed and own a chiropractic office where he is the chiropractor and I am the business manager. 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.

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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. After the first year, the new business debt weighed on me.

Debt 130