Remove 2019 Remove Buy Remove Credit Cards Remove Debt
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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. 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’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement.

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Net Worth Defined: What Is My Net Worth?

Savings Corner

To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 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. Or, you can think of net worth as everything you own less all that you owe.

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Our Family Finances Update: January 2021

Family Balance Sheet

Credit cards are a tricky subject and we pay off the balance every month, so I will write more about this soon. 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. We…took out a car loan. year-old van.

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