Remove 2007 Remove Budgeting Remove Credit Cards Remove Debt
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. How Our Debt Freedom Plan Prepared Us for the Pandemic. Our first storm: 2007. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. For a variety of reasons, our business slowed down in 2007.

Debt 130
article thumbnail

How to Build your Emergency Fund

Family Balance Sheet

Do you have enough cash to cover them or would you have to rely on high-interest credit cards or a loan from your family? With little money in their bank accounts, these Americans couldn’t afford these unfortunate expenses without using a credit card or maybe relying on a loan from family and friends.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Our Family Finances Update: January 2021

Family Balance Sheet

New furniture wasn’t in the budget for this project, but we sold some other unused furniture in November and we now have enough to pay for the new furniture. Credit cards are a tricky subject and we pay off the balance every month, so I will write more about this soon. We…took out a car loan.

Finance 130
article thumbnail

Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. As self-employed owners of a small business, we have lived through some challenging months, but the year 2007 was especially tough for us. A Very Tough Year.

article thumbnail

How to Build your Emergency Fund

Family Balance Sheet

Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? With little money in their bank accounts, these Americans couldn’t afford these unfortunate expenses without using a credit card or maybe relying on a loan from family and friends. A Very Tough Year.

article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

We charted out our course of action to pay off debts and start saving for retirement. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. We had a very tough year back in 2007. The plan hangs on our refrigerator. And Read some more.

article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

In 2007, when the kids were 8 and 13, we recreated that trip – with a travel trailer and bunks instead of a miniscule tent. I track expenses, monitor our budget and handle all of our investments. I can see the appeal of international travel, but neither one of us ever had that particular itch. Spreadsheets are my friends.