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Create your debt freedom plan

Family Balance Sheet

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Start college funds for our two girls.

Debt 130
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2019 Debt Freedom Plan Update

Family Balance Sheet

We still have a mortgage, however I feel like we can switch gears to be less focused on paying off debt and more focused on saving money, building our net worth and retirement, setting up a plan for college for our girls, and having some fun. 1 – Save a starter Home Emergency Fund. DONE – 6/1/2014. DONE 2015.

Debt 100
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. We have an emergency fund, but after this crisis, we will likely need to replenish it and increase the amount that we keep. So far, my girls have made orange chicken with rice, chicken potpie, homemade pumpkin cinnamon rolls and dinner rolls.

Budgeting 246
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Petty Cash

Family Balance Sheet

It is not an emergency fund or our monthly cash allowance and there isn't a lot of cash in the envelope. We have an envelope, in an undisclosed location, where we keep cash.

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Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. But SHHHHH, don’t tell our girls! Increase our emergency funds for the home & office to 3 – 6 months worth of expenses.

Debt 100
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2012 Financial Goals

Family Balance Sheet

Increase Family Emergency Fund to Six Months Salary. Start College Savings Accounts for our Girls. Our first decision is how much do we want to save for each of the girls and then we'll go from there. Currently, we have about 3 months salary saved, but we are self-employed and should have a six month security net.

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

We live in Richmond, Virginia, and have two of the best girls: McKayla, 10, and Shayne, 6. We want our girls to have an. emergency fund, so we started throwing what little extra we had straight. our girls to the classic Disney movies. Sometimes the girls even get artsy and decorate the living. My husband.

Debt 100