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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. Storm #2: 2013.

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories! They paid off $36,000 in debt and cash flowed graduate school. How much debt did you pay off? What kind of debt was it? After graduating with our bachelor’s degrees Jon and I had about $36,000 in debt between us. What inspired you to get debt free? They blog at 2 Copper Coins.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Today’s debt free story is from Aja. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? Where are you from?

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

How I’m managing our family budget during the Pandemic: We pay ourselves at the beginning of each month, so when this crisis started in mid-March, we were covered for the month. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal.

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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. Both books provided the blueprint for Our Debt Freedom Plan. Later in his plan, he recommends saving 3-6 months of expenses, but only after paying off the non-mortgage debt. A Very Tough Year.

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Our History with Credit Cards & Switching to Cash

Family Balance Sheet

"Debt is Dumb, Cash is King" - Dave Ramsey. He has successfully inspired thousands of people to a life free of credit cards and debt. If we could reduce our spending by 12-18%, we could put that money towards our debt. We didn''t even have ATM cards at the beginning of March, so I had to order them. Thanks for reading.

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FREE Kindle Books For March 6th!

Saving Everyday

Thanks, Pandora’s Deals for this great list! Blood Debt. You don’t have to have a Kindle – download the Free Reading App s to read Kindle books on a variety of different devices! Sara’s Game. Connected by the Sea. Through the Milky Way on a PB&J. Taking the World Back. A Little Kid and A White Elephant.

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