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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

August 2013 was a month that I’d like to wipe from my memory. Our small business was going well and we said so long to renting office space and purchased a commercial property. It’s so easy to let things coast when life is going well. Prior to that, we thought we were golden. Yep, life was good. My Life Plan.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

To many, working with a spouse would be too difficult, but our individual strengths and weaknesses complement each other and the arrangement has worked well. Our business was doing well and it seemed like the right time for us to buy. However a few years ago, we found ourselves with too much debt and not enough cash.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Storm #2: 2013. August 2013 was a month that I’d like to wipe from my memory. Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. By the end of 2013, the business was heading on the right track and we had a plan in place to tackle our debt load.

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Arts & Crafts Homes Magazine Subscription Just $6.99 a Year

Saving Cents With Sense

About: Our mission is to offer expert advice and perspective for those building, renovating, or furnishing a home in the Arts and Crafts spirit. Offering hundreds of resources, we showcase the work not only of past masters, but also of those whose livelihoods are made in creating well-crafted homes, furnishings, and works of art today.

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2019 Debt Freedom Plan Update

Family Balance Sheet

3 – Cash flow necessary business expenses and renovations. In 2013, we took a controversial step and stopped contributing to our retirement plans, so we could focus on steps 2-4. The good news is that the consistency my husband and I both had prior to 2013 allowed us to build a decent amount in our retirement. DONE 2015.

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Reducing Household Odors with Filtrete

Nicoles Nickels

Filtrete has a cool Healthy Home Remodel Contest going on through June 30, 2013 that you should definitely enter. The grand prize is $30,000 worth of home inspections, repairs, and renovations by a Holmes Group (Mike Holmes, a renowned HBTV contractor) approved contractor. This is a sponsored post. All opinions are my own.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Our business was doing very well, and we were excited about the opportunity to own a property outside of our home. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow.

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