Remove 2020 Remove Debt Remove Finance Remove Goals
article thumbnail

Create your debt freedom plan

Family Balance Sheet

Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. Debt is Dumb and Cash is King.”. “…and

Debt 130
article thumbnail

Our Family Finances Update: January 2021

Family Balance Sheet

January 2021 was a month of extremes in my family’s finances. This money gets sent automatically to the 529 accounts we set up for our girls in 2020. I started searching and test drove a pre-owned Highlander in January 2020. But by the end of 2020, I started looking again for a pre-owned vehicle. ” Yes, I am.

Finance 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. How Our Debt Freedom Plan Prepared Us for the Pandemic. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband.

Debt 130
article thumbnail

What Is Financial Planning? | Bankrate

Savings Corner

In short, if it involves finances, then there’s a way to plan for it and optimize the outcome. Bankrate’s AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals. A financial plan can help you direct how you organize your finances, from the small, short-term questions to the big, long-term issues.

Goals 52
article thumbnail

How We’re Using Upromise to Save for College

Family Balance Sheet

Hello, 2020. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress. My Upromise strategy will help with our goal. What is Upromise?

College 130
article thumbnail

Net Worth Defined: What Is My Net Worth?

Savings Corner

To calculate your net worth, take inventory of what you own, as well as your outstanding debt. That includes revolving consumer debts — such as credit card balances — as well as personal, auto, payday and title loan balances. Or, you can think of net worth as everything you own less all that you owe. What is my net worth?

article thumbnail

My 2020 Financial Goals & A Recap of 2019

Family Balance Sheet

My word was REDUCE: Non-mortgage debt to zero. There were hits and misses on this list, and many are things that I will continue to work on, but let’s recap: 1 – Reduce non-mortgage debt to zero. ALSO our 2019 Financial Goal!). We’ve been working since 2013 to pay off a boat load of non-mortgage debt.