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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. Include anything that you’d like to add to give the reader an idea about your personality. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

It can be a hard number to come to terms with, but sticking your head in the sand won’t get you to debt freedom. Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. The link will give you all of the information you need to complete the sheet. We ate an elephant!

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

Family Balance Sheet

Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Include anything that you’d like to add to give the reader an idea about your personality.

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Create your debt freedom plan

Family Balance Sheet

After the FPU class, we looked at our debts differently. 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. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

However, if you pay off these debts, there will be nothing left for investments in these tough financial times. You are one emergency short of losing track of your finances. What gives? If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different.

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2019 Debt Freedom Plan Update

Family Balance Sheet

We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. 10 – Pay Off Mortgage Debt. .

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My Life Plan

Family Balance Sheet

Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Pay off our mortgage debt. Celebrate debt freedom with a big family trip to Hawaii or Paris. Continue to live debt free with the ability to travel more, give more, pursue our passions. Achievable?