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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. It kept me up at night.

Debt 130
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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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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. In 2020, we still use and are thankful for Medi-share. The Heavy Hitters: 1. We increased our income.

Debt 130