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. A Very Tough Year.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

MAY 6, 2020

What got us through financially? 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. I still use my spreadsheet to this day! It was a lifesaver, a sanity saver, and a marriage saver.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

APRIL 9, 2021

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Pay off all Non-Mortgage Debt.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

AUGUST 11, 2016

It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. Use my Family Balance Sheet excel spreadsheet to help you organize your finances. Although I have not personally used this resource. Start Saving for your Emergency Fund TODAY!

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

JANUARY 17, 2018

We bought a used pop-up several years ago and it was one of the best decisions for our family We absolutely adore camping, and we’d like to upgrade to a travel trailer. I don’t want to use the term extreme frugality, because that sounds absolutely horrible. 2016 Update. Save a starter Home Emergency Fund.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Family Balance Sheet

FEBRUARY 10, 2017

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. And we were on a roll in January 2016. We are using Dave Ramsey’s snowball method and I’m proud to say that since 2013, we’ve paid off 4 business loans totaling almost $75,000.

Debt 100

Debt 2017 Student 2016 100

Family Balance Sheet

JUNE 22, 2020

This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. 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.

Debt 130

Debt Health Insurance Insurance Budgeting 130