Family Balance Sheet
MARCH 26, 2021
Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. That emergency fund saved our business, our sanity, and our marriage.
Family Balance Sheet
MAY 6, 2020
Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. 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.
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Family Balance Sheet
APRIL 11, 2020
Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. Every night my first prayer is that this virus starts to mitigate, the curve flattens to a manageable level for our health care system, and lives are saved. I have written often about the importance of an emergency fund.
Family Balance Sheet
OCTOBER 18, 2019
Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. After years of scrimping and saving and not spending extra money on things, we have achieved the biggest financial goal we have ever set for ourselves in our 19 years of marriage. 1st Update in June 2014. 2018 Update.
Family Balance Sheet
JULY 10, 2023
Instead, I look for creative ways to save my family money in all aspects of our lives. 2 – We opened up high-interest savings accounts and earned $250 in interest. We got a late start on saving for college so a large portion of our college savings has been sitting in our checking account earning zilch.
Family Balance Sheet
JUNE 11, 2014
Back in March I wrote about my family’s Debt Freedom Plan. Today I am proud to say that we have completed our second step : Increase business emergency savings to a specific number. Over our 14 years in business, we have had to rely on our savings a few times to help cover expenses during tough months.
Family Balance Sheet
JANUARY 21, 2015
What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. We agree on what happens to our extra cash and discuss weekly our goals for saving and investing as well as any big ticket purchases on the horizon. I had a client engagement in Las Vegas in March 2014.
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