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2019 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan has been a long winding road. The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.

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Where I found EXTRA Money in May 2021

Family Balance Sheet

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This money was put into my Christmas Savings account. The post Where I found EXTRA Money in May 2021 appeared first on Family Balance Sheet. Yep, I found a $20 bill while running on the beach!

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

She is the co-founder of the website, Little Light on a Hill , where she writes about faith, family, and finances. I love her passion for helping others along their debt free journey. Krystal & Josh’s Debt Free Story. Tell us about you and your family. to be able to go on a family missions trip.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Save it and forget about it. Which comes first: saving for an emergency OR paying off debt? Many personal finance experts believe in building an emergency fund to $1000 to get started and then pay off consumer debt. It is for emergencies. What happens when you have an emergency?