Family Balance Sheet

MAY 6, 2020

For many households, their finances and budgets are in limbo. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We have hit uncertain times and this pandemic has felt like a wall that is unscalable.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 11, 2014

It happened in 2006 and again in late 2012 to early 2013. We tightened our budget, got laser focused on turning around our business, and shoveled any extra cash into our savings. Our current savings is not at a true emergency fund level of 3-6 months, but further down our plan, we will save up to that level.

Debt 100

Debt Emergency Fund Financial Goals Motivation 100

Family Balance Sheet

JUNE 22, 2020

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. Also, the monthly mortgage payment was less than our rent payment.

Debt 130

Debt Health Insurance Insurance Budgeting 130