Family Balance Sheet

MAY 6, 2020

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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

APRIL 11, 2020

Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. Every night my first prayer is that this virus starts to mitigate, the curve flattens to a manageable level for our health care system, and lives are saved. I have written often about the importance of an emergency fund.

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

JANUARY 17, 2018

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. If not, we’ll start saving in 2019.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

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. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. We applied some of this extra cash towards debt and the balance was saved for medical expenses.

Debt 130

Debt Health Insurance Insurance Budgeting 130