Remove Debt Remove December Remove Goals Remove Renovation
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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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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. The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business.

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Family Budget Spreadsheets 2021

Family Balance Sheet

I knew it was coming because we hadn’t planned for all of the gifts we bought in December and used a credit card to pay for them. Financial Goals – Use this spreadsheet to quantify your financial goals for the current year and years to come. Color in the blocks as you hit your goals.

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