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. Yep, life was good.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

OCTOBER 18, 2019

The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

MARCH 19, 2014

Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. Increase business emergency savings to $$$. | Should be done in another month or two. The server in our office is about 10 years old and has reached capacity.

Debt 100

Debt Money Emergency Fund Goals 100

Family Balance Sheet

JANUARY 17, 2018

Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. It has come in handy many times and if we need to use the money, we pause extra debt payments until we get back to our fund amount.| Increase business emergency savings.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Family Balance Sheet

JUNE 22, 2020

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Everything looked great on paper.

Debt 130

Debt Health Insurance Insurance Budgeting 130