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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Yep, life was good.

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The Easiest Ways to Save Money on Household Expenses

Prairie Eco-Thrifter

Now is the time to watch every penny that you spend, so that you can purchase more in the same budget or even better, put that money in emergency funds. Eating out harms you in two ways. Do you watch a lot movies at the theater or rent a lot of movies through a mail order service? We know that times are tough.

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

Family Balance Sheet

emergency fund, so we started throwing what little extra we had straight. because we aren’t eating out. We knew it would take us years to get out of debt! While we said no to eating out and going to the movies all the time, we. Instead of seeing a movie, rent. We take out a small amount.

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How We Paid off Six Figures of Debt

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We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Also, the monthly mortgage payment was less than our rent payment. When we did eat out, we followed these rules: 15 Smart Tips to Save Money When Eating Out.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

This could be your rent/mortgage, utilities, loan payments, anything that has a due date. Write down any events/holidays/activities that will require funds for the month that you are planning, along with a projection of what you’ll need. – Food: groceries, meals out, school lunches. Sample Budget Calendar.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

At the time we were renting an office space in a strip mall, but when we discovered a foreclosure in our town that seemed like a great idea on paper, we jumped at the chance. We dramatically reduced our spending by cutting our cable TV and landline , shopping thrifty, eating out less often , and lowering our grocery bill.

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