Family Balance Sheet
MAY 21, 2021
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.
Family Balance Sheet
JANUARY 3, 2012
The kids were in the back seat watching a movie and we were in the front seat reviewing 2011 and strategizing for the upcoming year. Increase Family Emergency Fund to Six Months Salary. We want to go to Walt Disney World in the fall of 2012 or spring of 2013. This might take us 2 years to achieve.
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Prairie Eco-Thrifter
OCTOBER 21, 2012
” Investor Junkie from Investor Junkie presents Quicken 2013 Review – Now with Mobile Access Support , and says, “Quite a few items were improved in the Quicken 2013 edition. Specifically, how important emergency fund planning was for a couple with a veterinary emergency at their home.”
Family Balance Sheet
FEBRUARY 2, 2017
It can be difficult to watch others succeed with their goals. They took it one step at a time though, first by building up emergency funds as quickly as possible, then by paying off the credit cards and committing to no new debt. We’ve been paying off non-mortgage debts since 2013. Save for emergencies.
Prairie Eco-Thrifter
MAY 26, 2016
Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. Seeing the stock price jump or watching the dividend and cap gain get paid out is very satisfying.
Family Balance Sheet
JUNE 22, 2020
By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. How do you eat an elephant?
Family Balance Sheet
AUGUST 11, 2014
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. Watch Tracy’s Debt Free Scream. I’m working on baby step 3 (3-6 months emergency fund) while paying cash for my new home projects.
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