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2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. DONE – 6/1/2014. DONE 2015.

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How We Paid off Six Figures of Debt

Family Balance Sheet

After the first year, the new business debt weighed on me. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. What could possibly go wrong? We said NO a lot.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal. What a great problem to have, right?!?!

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