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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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
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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. Her 2017 goal is to earn $10,000 a month in online income. Save for emergencies.

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Our Big Financial Goal for 2016

Family Balance Sheet

That was the month I didn’t know if we had enough funds to cover our expenses. 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. I wouldn’t wish that feeling on my worst enemy.

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How We Paid off Six Figures of Debt

Family Balance Sheet

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. An Update on Medi-Share – September 2017. In 2020, we still use and are thankful for Medi-share. Medi-Share Update: One Year Later.

Debt 130