Family Balance Sheet

JANUARY 25, 2019

I promise I won’t start reciting Christmas carols, but while the holidays are still somewhat fresh in our minds, I think it would be a good idea to start planning for Christmas 2019. Did you use cash or put your purchases on a credit card? A credit Christmas equals: a “how are we going to pay for this” Christmas.

2019 100

2019 Club Christmas 2018 100

Savings Corner

DECEMBER 24, 2023

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.

Calculators 52

Calculators Taxes Debt Consumer 52

Family Balance Sheet

FEBRUARY 6, 2021

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.

Finance 130

Finance January Family 2020 130

Family Balance Sheet

MAY 6, 2020

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. What got us through financially? Our emergency fund.

Debt 130

Debt Emergency Fund 2007 2020 130