Family Balance Sheet

article thumbnail

How We Frugal-ed in June 2023

Family Balance Sheet

2 – We opened up high-interest savings accounts and earned $250 in interest. We are in what I call our “shovel season of life” Our oldest daughter leaves for college in the fall of 2024 and we have a big savings goal to hit before then. In total, we have made $250 in interest since April.

Frugal 100
article thumbnail

How We’re Using Upromise to Save for College

Family Balance Sheet

I don’t recall why I never used the account, but I guess it just slipped my mind. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education.

College 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

You’ll know how much is in your checking and savings accounts and your retirement accounts. This section is broken into Short Term (Cash) Accounts, Long Term Accounts, and tangible assets/property values. If it’s updated regularly, you will always know how much you OWE and how much you OWN.

Family 241
article thumbnail

How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

Every month going forward, transfer this money into a separate savings account that is connected to your checking account. When you are ready to pay a bill, transfer what is needed from this savings into the checking to pay the bill. Set aside that new number every month.

Bills 130
article thumbnail

Our 2019 Financial Goal

Family Balance Sheet

Save $10k in a savings account, specifically earmarked for medical expenses. I have yet to write a Medi-Share recap for 2018, but our goal was to replenish the healthcare savings account that we depleted in 2017. Our 2018 Financial Goals: Finish our Will. This amount is our Annual Household Portion with Medi-Share.

article thumbnail

Christmas Savings Club | July 2019

Family Balance Sheet

I had amassed $70 and thought it was a perfect addition to our Christmas account. In April, we received a small tax refund and I put $100 of our refund into our Christmas Savings account. In May, I made money from a yard sale and put $50 towards our Christmas savings. It was a pretty easy month to find the cash.

2019 113
article thumbnail

Christmas Savings Club | May 2019

Family Balance Sheet

I had amassed $70 and thought it was a perfect addition to our Christmas account. In April, we received a small tax refund and I put $100 of our refund into our Christmas Savings account. I made enough to put $50 in our Christmas Savings account. It was a pretty easy month to find the cash. How did I do in May?

2019 100