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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

If you are self-employed, work for a company or in an industry that is unstable, or maybe you or someone in your family has medical issues, you might want to save 6-12 months of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more.

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How We Paid off Six Figures of Debt

Family Balance Sheet

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. However, it produces a small part-time income from side-bar ads and affiliate commissions. My kids are now almost 15 and 12 and eat as much as adults!

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. 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. Pay off our mortgage on our office building.

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