Family Balance Sheet

MAY 6, 2020

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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Yep, life was good.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 22, 2020

Our business was doing very well, and we were excited about the opportunity to own a property outside of our home. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. Small home = Low Expenses. What could possibly go wrong? We increased our income.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JUNE 8, 2018

I discovered the term, Zero-Based Budget, when my husband and I took Dave Ramsey’s Financial Peace University home course many years ago. A zero-based budget is planning for every single dollar of after-tax income. Necessary expenses could be: – Home: Mortgage/rent, utilities, insurance, taxes, necessary repairs.

Budgeting 133

Budgeting Budget Financial Goals Goals 133