Family Balance Sheet

APRIL 9, 2021

Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. Debt is Dumb and Cash is King.”. “…and

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

MAY 6, 2020

For many households, their finances and budgets are in limbo. How Our Debt Freedom Plan Prepared Us for the Pandemic. 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. Our first storm: 2007.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

MAY 21, 2021

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans.

Debt 130

Debt Goals Debt Free Pay Off Debt 130

Family Balance Sheet

APRIL 11, 2020

I have written often about the importance of an emergency fund. How I’m managing our family budget during the Pandemic: We pay ourselves at the beginning of each month, so when this crisis started in mid-March, we were covered for the month. Budget items we are temporarily stopping for now: EVERYTHING ELSE!

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

JUNE 22, 2020

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. After the first year, the new business debt weighed on me. Our non-mortgage loans totaled over six figures.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JANUARY 17, 2018

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. I’ll apply that money to the debt.

Financial Goals 113

Financial Goals Goals 2018 Debt 113