EP. 79 Our Family's Debt-Free Journey Timeline

In this episode, I’m sharing our family’s debt payoff timeline breakdown and our real numbers along the way. I’m letting you guys inside how long our journey took, the financial ups + downs, the leaps of faith + times of waiting, and everything in between. I’m also passing along lots of encouragement for YOU on your own journey…no matter what your numbers or timeline look like.

IN THIS EPISODE, SAMI SHARES ABOUT:

My family’s real debt numbers

$2,000 medical (8 debts)

$14,000 property taxes + IRS

$14,000 credit cards (3 debts)

$7,000 Melanie’s birth bills

$6,000 small misc. debts
(owed family, small credit cards that I didn’t track the exact amounts of, etc)

$68,000 commercial land

$99,000 rental house

$280,000 big house
**these numbers are estimated + rounded because we didn't keep very detailed records at the beginning of our journey

My family’s debt-free timeline

Oct 2014 created a budget

Jan 2015 added up our debt, total $490k

Feb 2015 found out we were pregnant w/ 3rd daughter

Made a timeline, paid off a few more small debts

Added $7k to debt with her medical bills

April 2016 sold land

Paid off land’s balance

Emergency Fund $20k

Bought SUV $13k

Feb 2017 bought boat $6.8k.

April 2017 sold rental house...didn’t have a profit

July 2017 moved into current rent house

Nov 2017 got offer on big house

Jan 2018 sold big house...had $5k profit

Feb 2018 bought truck $25k

Oct 2018 bought camper $6.9K

Nov 2019 bought new boat $11k

Feb 2020 sold old boat for $3.5

RESOURCES MENTIONED:

Digital Budgeting System Worksheets

[Blog + Video] Why We Sold Our House To Become Debt-Free

[Podcast] EP. 09 Why We're Renting Instead of Buying a House

Podcast Home Page

Leave a Podcast Review

  I'D LOVE TO HEAR FROM YOU...

Reviews are everything on iTunes!
Would you take a minute and click here to leave a review?

If you have a question or comment about this episode connect with me over on Facebook or Instagram. 

HEY I'M SAMI WOMACK

I'm the wife to my high school sweetheart, Daniel, + homeschooling momma to our 3 girls. I'm the Budgeting Coach + Motivational Speaker behind 
A Sunny Side Up Life.

My family used to be in $490k of debt + living paycheck-to-paycheck, but after we hit rock bottom everything changed for us!

Now that my family has become debt free + gained financial freedom, I want to help your family do the same! My passion is inspiring women to live abundant lives through budgeting, intentional living, and positive thinking.

I offer a jump start into budgeting with my free 8-day Declutter Your Budget Challenge + full budgeting experience with my course, Your Sunny Money Method.