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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. As self-employed small business owners, we have lived through some tough months, but in 2007, it was a tough year. Storm #2: 2013.

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How to Build your Emergency Fund

Family Balance Sheet

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. What helped us through that time was the money we had saved in our emergency account. A Very Tough Year.

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Our Family Finances Update: January 2021

Family Balance Sheet

I said goodbye to mini-van life in January when we traded in our 2007 Honda Odyssey for a 2018 Toyota Highlander. We had very little saved for a new-to-us car and we would have had to take out a loan to cover most of it, and that made me uneasy about purchasing the car. So in the effort of transparency, I took out a car loan.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

The year 2007 held such promise for us when it started, but by the end of the year we were brought to our knees. As self-employed owners of a small business, we have lived through some tough months, but in 2007, it was a tough year. Your wants and dreams are secondary and need to be saved for separately. Absolutely!

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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

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. Our saving grace was the money we had saved in our emergency account. A Very Tough Year.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

And in adulthood, they are stashing their incomes and living hyper-frugally to save for early retirement, instead of waiting to 65 to fulfill their dreams. This leaves not much left to save for retirement. ” Recently Go Banking Rates conducted two studies on savings rates with startling results. It’s all too much.