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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. My second prayer is that my family gets through this crisis financially. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal.

Budgeting 246
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Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. We’re converting our basement to a family room area and the original family room (in the pic above) is becoming a home office. I talk a lot about debt freedom and that is still a goal of ours, and our Debt Freedom Plan will be adjusted.

Finance 130
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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

My husband and I have four kids ranging from age 3-8, and I am a stay-at-home mom. Our family lives on a ten-acre homestead property in the Mid-Atlantic region which we bought in early 2022. I think I started reading FG regularly in 2018 or 2019. and realized we should pay off this debt as quickly as possible.

Money 193
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How We Paid off Six Figures of Debt

Family Balance Sheet

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
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Our 2018 Financial Goals

Family Balance Sheet

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.