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Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. This money gets sent automatically to the 529 accounts we set up for our girls in 2020. The backstory: In November 2019, my van was in need of new tires and I was debating on whether to get the new tires or start looking for a replacement vehicle.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. January & February 2020 – Life is good!

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Net Worth Defined: What Is My Net Worth?

Savings Corner

On the other hand, even people with modest incomes can accumulate significant wealth and a high net worth if they buy appreciating assets and are prudent savers. A person can bring home a big paycheck but have a low net worth if they spend most of their money. Tax Filing Webinar — Jan. Net worth of U.S. families by income Net worth of U.S.

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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. Financially speaking, he focuses on building the business and I focus on managing our home and finances.

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