Remove Communications Remove Debt Remove Giving Remove Property Taxes
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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. Our first storm: 2007.

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Family Budget Spreadsheets 2021

Family Balance Sheet

I created it as a way to communicate our finances to my husband. Years ago, there was a month where I hadn’t planned on a large property tax bill and I wasn’t sure where we were going to find the money. Gift Giving – Use this spreadsheet to plan for your gift-giving for the entire year, but especially Christmas.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Shop for a mortgage Getting preapproved for a mortgage gives you a firmer handle on how much you can afford, and it’s helpful when you make an offer on a house because it shows sellers you’re financially qualified. That’s why a home inspection contingency is important — it gives you a way out of the deal if you need it.