Family Balance Sheet

MARCH 26, 2021

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. That emergency fund saved our business, our sanity, and our marriage.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

APRIL 11, 2020

Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. Every night my first prayer is that this virus starts to mitigate, the curve flattens to a manageable level for our health care system, and lives are saved. I have written often about the importance of an emergency fund.

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

MAY 6, 2020

For many households, their finances and budgets are in limbo. Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. Our emergency fund. We spent the next few years building our savings back up to the level we had prior to 2007.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 11, 2014

Back in March I wrote about my family’s Debt Freedom Plan. Today I am proud to say that we have completed our second step : Increase business emergency savings to a specific number. Over our 14 years in business, we have had to rely on our savings a few times to help cover expenses during tough months.

Debt 100

Debt Emergency Fund Financial Goals Motivation 100

Family Balance Sheet

JANUARY 21, 2015

Finally, we took the dive by making a budget and starting our debt snowball. The budget is key. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. How often do you and your spouse discuss your finances/budget/spending? So I work the budget and spreadsheets.

Debt 100

Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

MAY 27, 2015

Ryan is a high school math teacher and also officiates college basketball (November thru March). I knew I was going to be a stay at home mom when we had kids and since we were both teachers, we simply could not afford for me to stay home, unless we got rid of something big in our budget. Budget – Obvious, I know.

Debt 100

Debt Debt Free Pay Off Debt Finds 100