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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. If debt freedom is your goal , what can you accomplish THIS year?

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. Our first storm: 2007.

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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. I own a software consultancy that I run from home and my husband is a letter carrier with the post office. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid off about $110K worth of debt. Where are you from?

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Personally, I think a starter fund should be $2000-$3000.

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Our 2018 Financial Goals

Family Balance Sheet

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. While I love thrift stores, I can be easily swayed to run into Target, TJ Maxx, and/or Kohl’s when I feel like I need something. I’ll apply that money to the debt. Move up the Student Loan Payoff Date.