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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business.

Goals 100
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Do You Track Your Cash Flow?

Family Balance Sheet

I work a budget around what comes in, what we spend and what I would like to spend, hopefully leaving some leftover to devote to more debt reduction or savings. Our "Household" category could be anything from light bulbs to major home renovations. We have around 20 categories. It doesn't always work out in my favor.

Debt 147