Family Balance Sheet

APRIL 11, 2020

I have written often about the importance of an emergency fund. How I’m managing our family budget during the Pandemic: We pay ourselves at the beginning of each month, so when this crisis started in mid-March, we were covered for the month. Budget items we are temporarily stopping for now: EVERYTHING ELSE!

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

MAY 6, 2020

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. We have hit uncertain times and this pandemic has felt like a wall that is unscalable.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 8, 2018

During that time, I started to budget for everything. Every aspect of our lives was included in our budget. When people hear the word budget, they think “restriction” and “no fun”, but honestly that couldn’t be further from the truth. Another way to think of a budget is a spending plan.

Budgeting 133

Budgeting Budget Financial Goals Goals 133