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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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Our 2023 Financial Goals

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That was the year that we made the goal of paying off the last of our non-mortgage debts and we achieved it by September of that year. The number will most likely not cover everything, but if they decide to pursue options that cost equal to or less than the amount we want to give them, they’ll be in great shape.

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WHY We Want to Be Debt Free

Family Balance Sheet

Why are we jumping through these hoops to be debt free? Why are we giving up nice luxuries, like cable TV and dining at restaurants? WHY do we want to be debt free? They watch me plan out our weekly menu and grocery list. And they see me paying with cash at the grocery store. “What is debt, mommy?”

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How Angela & Jeff paid off $58,000 of Debt in 2 Years

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I watched her and her husband’s debt free scream on The Dave Ramsey Show. You can find Angela at her You Tube channel, Our Life…on a Budget , where she vlogs about getting out of debt and staying there! Angela & Jeff’s Debt Free Story. How much debt did you pay off? What kind of debt was it?

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Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

Today’s Debt Free Story is from Lydia. She blogs about living a limitless life on a limited budget at Frugal Debt Free Life. Include anything that you’d like to add to give the reader an idea about your personality. How much debt did you pay off? What kind of debt was it? Where are you from?

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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. Include anything that you’d like to add to give the reader an idea about your personality. 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.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Pre-coronavirus, we didn’t think twice about shaking a stranger’s hand, using the ATM keypad, or going to the grocery store without donning a hazmat suit. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. Creative Entrepreneurship.

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