Family Balance Sheet
OCTOBER 18, 2019
Our 2019 Financial Goal. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time.
Family Balance Sheet
APRIL 9, 2021
We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Number 4 was knocked out in 2019.
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Family Balance Sheet
MAY 6, 2020
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. Storm #2: 2013.
Family Balance Sheet
APRIL 11, 2020
I have written often about the importance of an emergency fund. 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. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan. Cash is King.
Family Balance Sheet
MAY 21, 2021
It took us years to pay it all off, but we achieved it in 2019. Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. This list became our personal Debt Freedom Plan.
Family Balance Sheet
JANUARY 17, 2018
If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. However, we could use a year of extra thriftiness to find any extra funds to accelerate the $10k. Save a starter Home Emergency Fund. 2017 Update.
Family Balance Sheet
JUNE 22, 2020
In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019.
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