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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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 spent the next few years building our savings back up to the level we had prior to 2007. What got us through financially? Our emergency fund. Yep, life was good. March 2020 arrived.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. My grocery strategies: How to Save Money on Groceries. Health Sharing Ministry.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Necessary expenses could be: – Home: Mortgage/rent, utilities, insurance, taxes, necessary repairs. – Food: groceries, meals out, school lunches. You can’t cut back on your rent or mortgage payment, but you can find ways to save money on your groceries. The grocery category is the easiest one to reduce.

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