Remove 2019 Remove Buy Remove Credit Cards Remove Finance
article thumbnail

Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. Credit cards are a tricky subject and we pay off the balance every month, so I will write more about this soon. I put down half the money and financed the other half. I like to think that buying a pre-owned vehicle is the best possible scenario.

Finance 130
article thumbnail

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. For example, your home would count toward your net worth if you’re willing to use it for a home equity line of credit or sell it should the need arise. Net worth of U.S.

article thumbnail

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. 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. Everything changed. What got us through financially?

Debt 130