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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. Our first storm: 2007. The year 2007 held such promise for us when it started, but by the end of the year, we were brought to our knees. As self-employed small business owners, we have lived through some tough months, but in 2007, it was a tough year. Storm #2: 2013.

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How to Build your Emergency Fund

Family Balance Sheet

We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings. Both books provided the blueprint for Our Debt Freedom Plan. A Very Tough Year.

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Our Family Finances Update: January 2021

Family Balance Sheet

I said goodbye to mini-van life in January when we traded in our 2007 Honda Odyssey for a 2018 Toyota Highlander. I was also looking forward to having a backup camera and other safety features that weren’t around in 2007. I talk a lot about debt freedom and that is still a goal of ours, and our Debt Freedom Plan will be adjusted.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

The year 2007 held such promise for us when it started, but by the end of the year we were brought to our knees. As self-employed owners of a small business, we have lived through some tough months, but in 2007, it was a tough year. Which comes first: saving for an emergency OR paying off debt? It was a scary time for us.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. As self-employed owners of a small business, we have lived through some challenging months, but the year 2007 was especially tough for us. Our business became difficult.

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How to Build your Emergency Fund

Family Balance Sheet

We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings with only $2000 left to spare, not enough to get us through one more month. A Very Tough Year.

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What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Only 13 percent of workers were ‘‘very confident’’ about having enough money for a comfortable retirement , a sharp decline in worker confidence from the 27 percent of workers who were ‘‘very confident’’ in 2007 (according to the 2011 Retirement Confidence Survey conducted by the Employee Benefit Research Institute).