article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

My family’s finances have also been affected. How Our Debt Freedom Plan Prepared Us for the Pandemic. It was during this time that I created my first Family Balance Sheet. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband.

Debt 130
article thumbnail

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

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. My second prayer is that my family gets through this crisis financially. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal.

Budgeting 246
article thumbnail

Family Budget Spreadsheets 2021

Family Balance Sheet

My mission has always been to help families build a strong financial plan, gain confidence with their money, and live the life of their dreams. That is why I created Family Budget Spreadsheets — a bundle of spreadsheets that we personally use to plan and budget our money. This is a 12-month spreadsheet.

Budgeting 130
article thumbnail

Meet a Reader | JenRR from the Midwest

The Frugal Girl

A few years back, my extended family took a trip to Holland, Michigan. My family loves watching movies and tv series together, and having regular game nights. As an adult, it’s important to me to continue to be generous, as well as, provide financial security for myself and my family. A freebie cabinet. Childhood joy.

article thumbnail

Create a Personal Escrow Fund | 31 Days to Organize Your Finances

Family Balance Sheet

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Does your property tax bill give you anxiety? That used to be me.

Finance 100
article thumbnail

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. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. I manage the finances for our business and our family and by August 2013, I felt the weight of the situation.

Goals 100