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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
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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. I cried for two days–lol!

Debt 130
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Pre-coronavirus, we didn’t think twice about shaking a stranger’s hand, using the ATM keypad, or going to the grocery store without donning a hazmat suit. I have written often about the importance of an emergency fund. I have been using it ever since. Emergency Savings = Last Resort. Cash is King.

Budgeting 246
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*HOT* Earn $152 in Cash FREE from ING

Saving With Shellie

Once you activate your card, use it to make three purchases within 45 days of opening your account. Then I used the card at Sonic for Happy Hour 3 different times. Your other $76 bonus for setting up Direct Deposit will be automatically deposited by September 10th. You will receive an ING Electric Orange Debit Mastercard.

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*HOT* Earn $152 in Cash FREE from ING

Saving With Shellie

Once you activate your card, use it to make three purchases within 45 days of opening your account. Then I used the card at Sonic for Happy Hour 3 different times. Your other $76 bonus for setting up Direct Deposit will be automatically deposited by September 10th. You will receive an ING Electric Orange Debit Mastercard.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

You will learn exactly what settings, plugins, and themes he uses. Good Financial Cents: What to Watch For With Debt Settlement Companies Considering using a debt settlement company? Personal Finance Whiz : What Is An Emergency Fund? One of the major components of being financially fit is to have an emergency fund.

October 200
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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

She hit that goal in September 2016. She and her husband also used a visual motivation chart posted on their refrigerator. They took it one step at a time though, first by building up emergency funds as quickly as possible, then by paying off the credit cards and committing to no new debt. goals to get us there.