Family Balance Sheet
OCTOBER 18, 2019
Our 2019 Financial Goal. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time.
Family Balance Sheet
APRIL 9, 2021
We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Number 4 was knocked out in 2019.
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Family Balance Sheet
MAY 6, 2020
Our emergency fund. 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 reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. It kept me up at night.
Family Balance Sheet
MAY 21, 2021
It took us years to pay it all off, but we achieved it in 2019. After reading Dave Ramsey’s book, The Total Money Makeover , I realized that we were spreading ourselves too thin and our finances were not as great as I thought they were. Did you make a goal to pay off debt this year? 2 – Create your Debt Freedom Plan.
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