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

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. How Our Debt Freedom Plan Prepared Us for the Pandemic. Our emergency fund. Our first storm: 2007.

Debt 130

Debt Emergency Fund 2007 2020 130

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!

Budget 246

Budget Budgeting Family Debt 246

Family Balance Sheet

JUNE 11, 2014

Back in March I wrote about my family’s Debt Freedom Plan. We tightened our budget, got laser focused on turning around our business, and shoveled any extra cash into our savings. Our current savings is not at a true emergency fund level of 3-6 months, but further down our plan, we will save up to that level.

Debt 100

Debt Emergency Fund Financial Goals Motivation 100

Family Balance Sheet

JANUARY 21, 2015

Today’s debt free story is from Aja. How much debt did you pay off? What kind of debt was it? We paid off about $110K worth of debt. We paid down mostly student loans, vehicles and business credit card debt ( we already own a home outright ). What inspired you to get debt free? The budget is key.

Debt 100

Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

MAY 27, 2015

Today’s Debt Free Story is from Olivia. Ryan is a high school math teacher and also officiates college basketball (November thru March). We are both planners and despise wasting money on debt/interest, which is what led us to pay off our mortgage as soon as we could! How much debt did you pay off?

Debt 100

Debt Debt Free Pay Off Debt Finds 100