article thumbnail

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.

Debt 100
article thumbnail

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. Quitting my job is one of the things being debt free has enabled us to do. How much debt did you pay off?

Debt 236
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Where I Found $370 Debt Snowball Money in January

Family Balance Sheet

Our main financial goal in 2015 is to pay down our non-mortgage debt. I have scrutinized our budget tirelessly and I really feel like there’s nothing more to cut, so my focus is turning to finding money to put towards debt. In January, I found $370 to put towards our debt: 1. Where can we find extra money?

Debt 100
article thumbnail

Find out how Deacon & his Wife Paid off $52,000 of Debt in 18 Months

Family Balance Sheet

Today’s Debt Free Story is from Deacon. He is a financial coach and blogs at Well Kept Wallet. How much debt did you pay off? What kind of debt was it? We paid off $52,000 in consumer debt. It consisted of student loans, a car loan and even some credit card debt. What inspired you to get debt free?

Debt 100
article thumbnail

3 Monthly Expenses to Reduce Without Feeling a Sacrifice

Family Balance Sheet

When my husband and I wrote our Debt Freedom Plan earlier this year, we made a commitment to scrutinize our monthly expenses to find money to put towards our plan. We want to achieve our financial goals, but still enjoy life. We want to achieve our financial goals, but still enjoy life. Gym Membership.

article thumbnail

Family Budget Spreadsheets 2021

Family Balance Sheet

Financial Goals – Use this spreadsheet to quantify your financial goals for the current year and years to come. Summer Planning – Use this spreadsheet to plan for your summer fun, such as vacations, day trips, pool memberships, home/landscaping renovations, etc.

Budgeting 130
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. After the first year, the new business debt weighed on me. Our non-mortgage loans totaled over six figures.

Debt 130