Remove Budgeting Remove Debt Remove Property Taxes Remove Rent
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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. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. This new business debt weighed on me. Our first storm: 2007. Yep, life was good.

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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. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. We paid our bills on time, never carried credit card debt from month to month, but in that moment we could not pay our bills.

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How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. Also, the monthly mortgage payment was less than our rent payment.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Would renting for another year or two improve your financial standing? Create a housing budget The purchase price and down payment aren’t the whole picture. Setting a realistic budget for your new home will help inform how much you can afford and what your all-in costs will be. Make a list of what’s important to you in a home.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

During that time, I started to budget for everything. Every aspect of our lives was included in our budget. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. Another way to think of a budget is a spending plan. ” So are you ready to start a budget?

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. I track expenses, monitor our budget and handle all of our investments. Alan and I, by choice, bought land in an area with low property taxes.