article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

What got us through financially? 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. I still use my spreadsheet to this day! It was a lifesaver, a sanity saver, and a marriage saver.

Debt 130
article thumbnail

5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office.

Debt 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

How to Conduct an Effective Family Financial Analysis

Prairie Eco-Thrifter

rise up during emergencies or unexpected occurrences. Take note that these guidelines would not work if you do not cooperate with one another. If you use the formula: INCOME–EXPENSES = SAVINGS , then you are bound to find yourself with a ‘financial cavity’. Rather, you must use this formula: INCOME–SAVINGS = EXPENSES.

Family 196
article thumbnail

Our 2018 Financial Goals

Family Balance Sheet

We bought a used pop-up several years ago and it was one of the best decisions for our family We absolutely adore camping, and we’d like to upgrade to a travel trailer. The Guidelines for 2018: 1. I don’t want to use the term extreme frugality, because that sounds absolutely horrible. Save for a camper upgrade.