Family Balance Sheet

MARCH 26, 2021

This post was first published in 2016. Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. What is an Emergency Fund?

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

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. It kept me up at night.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JANUARY 26, 2016

2016 will be THE year. That was the month I didn’t know if we had enough funds to cover our expenses. Guidelines for 2016: 1. Fortunately we have an emergency fund and a personal escrow account for our yearly and quarterly expenses to keep us stable, but we do need to be diligent at staying within our budget.

Financial Goals 100

Financial Goals Goals 2016 Debt 100

Family Balance Sheet

JUNE 22, 2020

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. We’re no spring chickens, so in November 2016, we started contributing again to our retirement. Health Sharing Ministry. We drive older cars.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

FEBRUARY 2, 2017

She hit that goal in September 2016. 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 focused and paid off 2 loans by end of 2015, and one loan in 2016. Save for emergencies.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100