Debt Emergency Fund Making Renovation 
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.
Family Balance Sheet
OCTOBER 18, 2019
Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.
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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.
Family Balance Sheet
MARCH 19, 2014
Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. But Dave Ramsey’s view of debt is very different.
Family Balance Sheet
JUNE 11, 2014
Back in March I wrote about my family’s Debt Freedom Plan. 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. We also have some renovations and equipment that cannot wait and we need to cash flow. Are you making headway with those goals?
Family Balance Sheet
JANUARY 17, 2018
Did you make 2018 financial goals ? We even bought an online package years ago, but have since decided that we will have a lawyer draw up our will, medical directive, and power of attorney documents to make sure everything is in place legally. I’ll apply that money to the debt. An Update on Medi-Share – September 2017.
Savings Corner
DECEMBER 25, 2023
A down payment is the cash you pay upfront to make a large purchase, such as a home. You may have heard that you need to make a 20% down payment on a home, but that’s really just the threshold many lenders use for requiring mortgage insurance on a conventional loan. You don’t have to make a 20% down payment to buy a house.
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