Remove 2012 Remove Debt Remove Emergency Fund Remove March
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. How Our Debt Freedom Plan Prepared Us for the Pandemic. Our emergency fund. This new business debt weighed on me. Everything changed. Our first storm: 2007.

Debt 130
article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. From what we learned in the course, we wrote our Debt Freedom Plan. We were trying to be responsible. 2018 Update.

Debt 100
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Update #1: Our Debt Freedom Plan

Family Balance Sheet

Back in March I wrote about my family’s Debt Freedom Plan. It happened in 2006 and again in late 2012 to early 2013. 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. By summer 2013, our savings was at an uncomfortable level.

Debt 100
article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. How I’m managing our family budget during the Pandemic: We pay ourselves at the beginning of each month, so when this crisis started in mid-March, we were covered for the month. Update our Debt Freedom Plan to reflect lessons learned during this crisis.

Budgeting 246