Remove 2017 Remove Budget Remove Credit Cards Remove Emergency Fund
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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. 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. What got us through financially? Storm #2: 2013. It kept me up at night.

Debt 130
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Create your debt freedom plan

Family Balance Sheet

We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We agreed that credit card debt wasn’t very smart, but a car loan? But $1000 was not nearly enough money to cover sudden emergencies in both our home and business.

Debt 130
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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

His 2017 goal is to make $100,000 in online income. Her 2017 goal is to save $20,000 in cash. Their 2017 goal is to boost their savings rate and get their expenses down to $30,000 a year as they work towards financial independence. Maureen eliminated $79,000 of credit card and student loan debt less than 3 years.