Family Balance Sheet

MAY 6, 2020

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.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

DECEMBER 29, 2020

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. Many years ago, we could say yes to the questions in the above graphic. This is a 12-month spreadsheet.

Budget 130

Budget Budgeting Family Property Taxes 130

Family Balance Sheet

JUNE 4, 2015

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.

Goals 100

Goals Debt Renovation Daughter 100

Savings Corner

DECEMBER 24, 2023

You may need to submit additional paperwork as your lender completes the process, such as bank statements, tax returns or additional proof of income, so keep your paperwork organized. These things can hurt your credit score or impact your debt-to-income ratio, which can imperil your final loan approval. What’s your local market like?

Real Estate 52

Real Estate Buy Buying Credit 52