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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. 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. March 2020 arrived.

Debt 130
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Accounting Principles: Basic Definitions, Why They’re Important

Savings Corner

By using these guidelines to standardize how you track and interpret accounting data, you can accurately compare financials from different time periods and gain a clear understanding of your business’s health. The Internal Revenue Service also requires consistency for the purpose of filing small-business taxes.