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2019 Debt Freedom Plan Update

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Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. We’re way behind on this.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

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About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

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We met in college and currently both feel drawn toward higher education. When Jon and I were married, we acknowledged that high paying careers were not on the docket for us, knowing that we wanted to have both comfortable and generous lives we decided that we would have to be incredibly diligent with our resources.

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Create your debt freedom plan

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Paying off our six figures of non-mortgage debt was one of the happiest days of my life, and really is the defining step of this entire plan. To stay motivated I would listen to the debt-free screams on The Dave Ramsey Show. If others could knock out debt, we could too. Start college funds for our two girls.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

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However, since paying off our debt, I have become a much bigger fan of the baby steps laid out by Dave Ramsey and really see the wisdom in paying off debt in that fashion. What are the top 3 – 5 ways you found money to put towards debt. I initiated paying off the debt.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Sean Smarty from Grow Money talks about How to Invest During College. Money Thinker from Money Thinking asks Is Going to College Still Worth It? Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? I know for me it wasn’t easy; I needed a lot of support and motivation.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

I had planned to pay it all off in 2.5 It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. What inspired you to get debt free?