article thumbnail

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. It took us years to pay it all off, but we achieved it in 2019. Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet.

Debt 130
article thumbnail

Create your debt freedom plan

Family Balance Sheet

We celebrated both occasions with a family cruise that we paid for with cash. During our debt payoff mode, we camped and went on beach trips with extended family, but never left the country…honestly, we never left the east coast. We also had some building repairs that we needed to cash flow. Update: DONE Sept 2019!!

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Tell us about you and your family. But it wasn’t a decade of nothing but paying off debt.

Debt 236
article thumbnail

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. 5 – Cash flow a family trip to celebrate. . 10 – Pay Off Mortgage Debt. .

Debt 100
article thumbnail

What Is A Home Equity Loan?

Savings Corner

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. Credit card balance transfers can be a better option if you’re aiming to pay off less than $10,000.

Home 52
article thumbnail

Find out how Jessica & Her Husband Paid off $175,000 of Debt

Family Balance Sheet

Today’s Debt Free Story is from Jessica. Tell us about you and your family. 2 years ago we were noticing our family was accumulating a lot of bad behaviors with our health, financial and quality time as a family. This ultimately is what put us on the fast track for paying off debt in such a quick amount of time.

Debt 100
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. We have had to put money into wear and tear repairs for the van in the past year, but both vehicles still drive very well, and we haven’t had car payments in many years. How do you eat an elephant?

Debt 130