Family Balance Sheet

OCTOBER 18, 2019

Our 2019 Financial Goal. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

APRIL 9, 2021

Dave Ramsey has a plan and it has worked for millions of people. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business. Number 4 was knocked out in 2019.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

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. So we got to work!

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JANUARY 17, 2018

2 Additional Goals: If we save the $10k early, we’d like to work on the following 2 goals. 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. Save a starter Home Emergency Fund. 2017 Update.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Family Balance Sheet

APRIL 11, 2020

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. Are you working from home?

Budgeting 246

Budgeting Budget Family Debt 246

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. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts.

Debt 130

Debt Health Insurance Insurance Budgeting 130