article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan. Stop sending an extra payment to our mortgage. year old Honda Odyssey with a new to us vehicle.

Budgeting 246
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. When that loan was paid off, we put that full monthly amount towards the third loan and this continued until September 2019 when we made our last non-mortgage loan payment.

Debt 130
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

Debt 130