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How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. Restaurants. Also, the monthly mortgage payment was less than our rent payment.

Debt 130
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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Some items are fixed and are recurring each month, but other things are variable (change month to month) such as groceries, heating/cooling, clothing, restaurants. If you’re spending too much at restaurants, read: 15 Smart Tips to Save Money When Eating Out . Some of the numbers will be on your calendar. Total your expenses.

Budget 133