article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

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.

Debt 100
article thumbnail

How We’re Using Upromise to Save for College

Family Balance Sheet

I don’t recall why I never used the account, but I guess it just slipped my mind. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education.

College 130
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Where I found EXTRA Money in May 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This money was put into my Christmas Savings account. January 2021 – I found $1681. Over the years, I have found money through rebates, refunds, online sales, and even the ground. Progresso Refund: $3.50.

Money 130
article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

article thumbnail

The Importance Of Setting Financial New Year’s Goals

Prairie Eco-Thrifter

If you don’t feel comfortable sharing actual numbers like, “I’ll save $2,400 this year,” you can still be accountable publicly by changing the wording to “I’ll save 5% of my annual salary this year.” A year’s worth of financial goals staring at you on January 1st can be daunting.

Goals 209
article thumbnail

25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Personally, I think a starter fund should be $2000-$3000.

article thumbnail

How Are You Doing On Those Resolutions?

Saving Cents With Sense

I know we are half way through January, and many of you may already be giving up on your New Year’s Resolutions, but I wanted to encourage you to keep reaching for those goals you set. Did you want to save more money this year? Pay off Debt? Lose Weight? Give up Caffeine (gasp!)? Start small – and if you mess up, that is OK!

Goals 55