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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.

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How to Build your Emergency Fund

Family Balance Sheet

We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings. Both books provided the blueprint for Our Debt Freedom Plan. A Very Tough Year.

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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. I said goodbye to mini-van life in January when we traded in our 2007 Honda Odyssey for a 2018 Toyota Highlander. We…took out a car loan.

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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. Our business became difficult.

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How to Build your Emergency Fund

Family Balance Sheet

We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings with only $2000 left to spare, not enough to get us through one more month. A Very Tough Year.

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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.

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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.