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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. Storm #2: 2013.

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Our 2018 Financial Goals

Family Balance Sheet

While I love thrift stores, I can be easily swayed to run into Target, TJ Maxx, and/or Kohl’s when I feel like I need something. I’m curious to see how much we can save and also how creative we can get by making do with what we already own or looking for things at a thrift store. Save a starter Home Emergency Fund.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Pre-coronavirus, we didn’t think twice about shaking a stranger’s hand, using the ATM keypad, or going to the grocery store without donning a hazmat suit. I have written often about the importance of an emergency fund. My second prayer is that my family gets through this crisis financially. Cash is King.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office.

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Our Big Financial Goal for 2016

Family Balance Sheet

It has been my obsession goal since we found ourselves in a dicey situation back in August 2013. That was the month I didn’t know if we had enough funds to cover our expenses. Between 2013 – 2015, we whittled that down and as of today we have just two loans left. I wouldn’t wish that feeling on my worst enemy.

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Meet Tracy, a Single Mom Who Paid Off $41,587 | Debt Free Stories

Family Balance Sheet

The company I had worked at for 12 years when I started my journey in January 2013, announced it would be making significant job cuts summer 2013. I was spending the same on groceries as my mortgage because we’re grain free sugar free & there were way too many quick stops at the store on the way home, while hungry).Cook

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

Prairie Eco-Thrifter

” Robert from My Multiple Incomes presents 5 Tips on How to Be a Better Negotiator , and says, “Not every store and place allows haggling and negotiating on their prices, but trying to negotiate won’t hurt either. Specifically, how important emergency fund planning was for a couple with a veterinary emergency at their home.”