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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

Our small business was going well and we said so long to renting office space and purchased a commercial property. Communicate with your spouse. One of the hardest conversations I have had with my husband was when I told him that I didn’t know how we would pay our bills that month. Prior to that, we thought we were golden.

Finance 100
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. Selling the property and going back to renting wasn’t the way I wanted to handle the situation, so I sat down and created a step-by-step plan. We are communicating regularly. Our business is again thriving.

Goals 100
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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? If a friend, relative or employer has offered to provide a down payment gift, initiate a conversation early on to learn how much they plan to contribute and if there’s any shortfall you’ll need to cover — and secure a gift letter from them well in advance.