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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. How Our Debt Freedom Plan Prepared Us for the Pandemic. And I was pregnant with our youngest daughter, so what should have been a joyous year was quite a stressful one. This new business debt weighed on me. Our first storm: 2007. It was a scary time for us.

Debt 130
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. We had our daughters later in life and at a crucial time in our lives, I stopped our retirement contribution.

Goals 100
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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Our daughter is 24 and was adopted from Eastern Europe when she was one week short of a year old. He married the love of his life almost two years ago, so now we have a daughter-in-law, too. I track expenses, monitor our budget and handle all of our investments. Our son is 29 and biological.