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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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 reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Yep, life was good.

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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
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. This is not an elective, fun, no-spend month like what we did in January to find funds for our summer vacation. Finances after the Pandemic: We went through a rough time back in 2012/2013 and we wrote our Debt Freedom Plan as a result of it.

Budget 246
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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

20′s Finances: How I Got 4 Movie Tickets for $9 – Find out how I found the steal of a lifetime in getting four movie tickets for $9 total! Money Q & A: Top Ten Money Questions People Always Ask – Find out the most popular questions that people are always asking me. krantcents: How Will You Measure Your Life?

November 188
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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

There will always be limits on salary or income potentials so finding ways to save always help. Take the test to find out!” Danielle from Saving Without A Budget shares 5 Smart Investing Tips for 2012. Specifically, how important emergency fund planning was for a couple with a veterinary emergency at their home.”

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How We Paid off Six Figures of Debt

Family Balance Sheet

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. We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Everything looked great on paper.

Debt 130
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Is Travelling Overrated?

Prairie Eco-Thrifter

One of my personal goals in 2012 is to travel more. Okay, congratulations on that, but have you fully funded your emergency fund? Or, maybe when you come back, your industry has gone down and jobs are hard to find. How before everyone gets upset at my ragging on travelers, I’ll back up a bit.

Travel 226