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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…took out a car loan. 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. I put down half the money and financed the other half.

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Create your debt freedom plan

Family Balance Sheet

We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We agreed that credit card debt wasn’t very smart, but a car loan? Our personal finances are so interwoven with our small business finances that we view them as one. A student loan?

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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. Our only spending going forward will be for essentials, such as our mortgage, utilities, groceries, our Medi-Share premium , and fuel for the cars. Plus, I was getting antsy for a new car. No car payment = peace of mind.

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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 remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. October 2019 Update to our Debt Freedom Plan – We PAID off 6 figures of debt!!

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Net Worth Defined: What Is My Net Worth?

Savings Corner

And when we say own, we include assets that you may still be paying for, such as a car or a house. Compare your net worth The Federal Reserve releases its Survey of Consumer Finances every three years — the most recent report was issued in September 2020 with data from a survey fielded in 2019. Net worth of U.S.

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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

I think I started reading FG regularly in 2018 or 2019. In my 20’s, I finally had a “real” job and wanted to buy a newer car. , baking, library storytimes, and being involved in our church’s Bible study, meals for the sick, and other various ministries. canned peaches = summer in a jar 2. homemade bagels!

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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. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. Financially speaking, he focuses on building the business and I focus on managing our home and finances.

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