Family Balance Sheet
MARCH 26, 2021
Do you have enough cash to cover them or would you have to rely on high-interest credit cards or a loan from your family? According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. What helped us through that time was the money we had saved in our emergency account.
Family Balance Sheet
JUNE 25, 2011
Did you pay cash or use a credit card to buy gifts? If you used a credit card, when did you pay it off? We usually use a credit card to buy our Christmas gifts and then pay the balance off in January. Here are some questions to ponder: How much did you spend last year? Are you okay with that number?
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Family Balance Sheet
JANUARY 11, 2011
Since we use credit cards for almost all of our purchases, we are paying the bills now for our Christmas presents. I then divided that new number by 12 and that is the dollar amount that I am going to transfer to a savings account every month. What makes me cringe is realizing how much we spent on Christmas in 2010.
Family Balance Sheet
JANUARY 2, 2013
Unless it's paid with cash, that is one hefty credit card bill come January. According to the Washington Post and a CreditDonkey survey , "a shopper who charges about $700 on a credit card with a 13 percent interest. January's Goal: Create your budget, divide by 11 and save your first month's goal.
Family Balance Sheet
SEPTEMBER 14, 2011
Major Category: Insurance - My sub-files are Auto, Health, Health Savings Account, Home-Owners, Life. Major Category: Liabilities - My sub-files are Credit Cards, Mortgage, Student Loan, Credit Score Info. become a fan and 'like' FBS on Facebook. Please let us know in the comments. Thanks for reading.
Family Balance Sheet
FEBRUARY 22, 2011
Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. I think $2000-$3000 will give you more of a cushion to start with and less of a chance that you'll need to resort to a credit card or loan when a disaster strikes. It was a scary time for us.
Family Balance Sheet
JUNE 4, 2015
We paid our bills on time, never carried credit card debt from month to month, but in that moment we could not pay our bills. We must start saving for retirement again , we need to start college saving accounts, and it would be nice to take the kids to Disney while they’re still princess fans.
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