Family Balance Sheet

OCTOBER 18, 2019

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.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

SEPTEMBER 9, 2014

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?

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Savings Corner

APRIL 4, 2024

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move.

Home 52

Home Debt Credit Cards Credit 52

Family Balance Sheet

APRIL 9, 2021

We also had some building repairs that we needed to cash flow. Pay off all Non-Mortgage Debt. Our non-mortgage debt was in the six figures and included a student loan and business loans. We used Dave Ramsey’s debt snowball method. | Read about it here: How We Paid off Six Figures of Debt.

Debt 130

Debt Emergency Fund 2019 Debt Free 130