article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. My second prayer is that my family gets through this crisis financially. I have written often about the importance of an emergency fund. More family time! Folks did we just enter the twilight zone?!

Budgeting 246
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

My family’s finances have also been affected. 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. It was during this time that I created my first Family Balance Sheet. Everything changed.

Debt 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

2012 Financial Goals

Family Balance Sheet

On Christmas day, my husband and I spent 4 hours together traveling in a car to visit his family. We talked through some issues and opportunities for our business and our personal, family, and financial goals. We talked through some issues and opportunities for our business and our personal, family, and financial goals.

article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

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. We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt.

Debt 100
article thumbnail

Friday Links – Too Swamped Edition

Prairie Eco-Thrifter

I have tried to do some reading this week which I have highlighted below: Great Reads From The Blogosphere: Despite 2012 being over, Invest It Wisely’s idea to fight the winter blues by giving to causes you believe in is a sure-fire way to ensure you’re on your way to a fantastic 2013. Working to build your emergency fund?

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

Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. I know our families all talk pretty open about money issues so that we can help and support each other. I know our families all talk pretty open about money issues so that we can help and support each other. I totally agree.