Family Balance Sheet
MAY 6, 2020
How Our Debt Freedom Plan Prepared Us for the Pandemic. Our emergency fund. 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. This new business debt weighed on me. Our first storm: 2007. Storm #2: 2013.
Family Balance Sheet
APRIL 11, 2020
I have written often about the importance of an emergency fund. We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. We just finished paying off our non-mortgage debts and now we were considering taking out a car loan. Cash is King.
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Family Balance Sheet
JUNE 22, 2020
It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. After the first year, the new business debt weighed on me.
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. If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal. During that time, I started to budget for everything.
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