Family Balance Sheet

OCTOBER 18, 2019

1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. We’ve been in our home since September 2001.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

JUNE 22, 2020

With that much debt, we needed some go big or go home heavy hitters that would make a big impact on debt reduction. We started with 5 loans and paid the smallest loan off first while making the minimum payments on the other 4 loans. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

FEBRUARY 10, 2017

Where our mortgage enters the equation: We bought our modest home in September 2001, before home prices soared and inevitably, tanked. We have gone back and forth about moving up into a larger home, but at this point, it might not make sense. We bought our home in 2001. Build up our Emergency Funds to 3-6 months of expenses.

Debt 100

Debt 2017 Student 2016 100