Motherhood Moments

JANUARY 18, 2023

An emergency fund is vital regardless of the larger economic climate. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare by paying off debt.

Recession 100

Recession Finance Emergency Fund Debt 100

Family Balance Sheet

APRIL 9, 2021

Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

OCTOBER 18, 2019

To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. From what we learned in the course, we wrote our Debt Freedom Plan. 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

AUGUST 11, 2016

We charted out our course of action to pay off debts and start saving for retirement. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. Where We Stand.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

JUNE 8, 2018

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. I discovered the term, Zero-Based Budget, when my husband and I took Dave Ramsey’s Financial Peace University home course many years ago. During that time, I started to budget for everything.

Budgeting 133

Budgeting Budget Financial Goals Goals 133