Family Balance Sheet

MAY 6, 2020

How Our Debt Freedom Plan Prepared Us for the Pandemic. 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. This new business debt weighed on me. Our first storm: 2007. Yep, life was good.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 22, 2020

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. After the first year, the new business debt weighed on me.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JANUARY 17, 2018

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. I want to challenge myself to rethink our purchases by taking advantage of more cost effective solutions, like borrowing, buying second hand, or just making do with what we already have. I’ll apply that money to the debt.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Savings Corner

DECEMBER 25, 2023

Coming up with enough cash for a down payment to buy a house can be the single biggest roadblock for prospective home buyers. When applying for a mortgage to buy a house , the down payment is your contribution toward the purchase and represents your initial ownership stake in the home. But how much of a down payment do you really need?

Insurance 52

Insurance Home Refinancing Money 52