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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. After paying off our last non-mortgage debt in September 2019, we updated our Debt Freedom Plan. We have an emergency fund, but after this crisis, we will likely need to replenish it and increase the amount that we keep. Cash is King.

Budgeting 246
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Our 2018 Financial Goals

Family Balance Sheet

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. However, we could use a year of extra thriftiness to find any extra funds to accelerate the $10k. Save a starter Home Emergency Fund. 2017 Update.