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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

We’ve had several instances over the years that have shaped how we viewed and managed our money. How Our Debt Freedom Plan Prepared Us for the Pandemic. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. This new business debt weighed on me.

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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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Family Budget Spreadsheets 2021

Family Balance Sheet

After the year we’ve had, I think we all are! If your fresh start for the New Year includes improving your finances, you are not alone! Special Purchases – Have some fun with this spreadsheet and use it to plan for upcoming large expenses, such as vacations, home renovations, equipment, replacement, etc.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. homeowners as of year-end 2023.

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