article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. However, reality set in on April 1st and I’m now second-guessing that we have enough money set aside, so I have set into motion some strategies to prepare for the unstable economy and any lost income ahead. Stop sending an extra payment to our mortgage.

Budget 246
article thumbnail

Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Teachers income in Texas actually starts pretty good ($44,000 when I started), but it doesn’t increase much and there aren’t any bonuses (some years it doesn’t even increase WITH inflation…one year we didn’t even get a raise due to the economy). Make sure to have an emergency fund so you’re not put back into debt when something comes up.

Debt 100