Family Balance Sheet

MAY 6, 2020

How Our Debt Freedom Plan Prepared Us for the Pandemic. 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’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

MARCH 19, 2014

Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. “Debt is Dumb and Cash is King.”

Debt 100

Debt Money Emergency Fund Goals 100

Family Balance Sheet

JUNE 4, 2015

My husband and I are self-employed and own a chiropractic office where he is the chiropractor and I am the business manager. However a few years ago, we found ourselves with too much debt and not enough cash. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped.

Goals 100

Goals Debt Renovation Daughter 100

Family Balance Sheet

SEPTEMBER 21, 2015

We carried no credit card debt and we contributed to our retirement. Our small business was going well and we said so long to renting office space and purchased a commercial property. We had a lot of debt, not enough cash flow, and very little set aside for emergencies. Prior to that, we thought we were golden.

Finance 100

Finance Debt August 2013 100