Remove 2013 Remove Debt Remove Family Remove Savings Account
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How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

Let me show you how to create a Family Balance Sheet. I’m a firm believer that finances must be organized and neat, and a Family Balance Sheet helps you keep track of your finances in one tidy spreadsheet. You’ll know how much is in your checking and savings accounts and your retirement accounts.

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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. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

Our family lives on a ten-acre homestead property in the Mid-Atlantic region which we bought in early 2022. Right now, we are also trying to save money so we can accomplish some projects around our property and fix some things around the house. and realized we should pay off this debt as quickly as possible.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. I manage the finances for our business and our family and by August 2013, I felt the weight of the situation.

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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. Increase our Monthly Debt Payment. We have set a goal date of July 2015 to pay off all of our debt. Finish Will.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

To learn to live within your means is one of our primary family money values. Helping the parents teach my grandchildren to save is an ongoing project of mine. Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp.

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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. I’ll apply that money to the debt.