Family Balance Sheet

APRIL 11, 2020

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. My second prayer is that my family gets through this crisis financially. I have written often about the importance of an emergency fund. More family time! Folks did we just enter the twilight zone?!

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

JUNE 24, 2021

They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! I built a monthly system to set aside money specifically for our yearly bills and while I still dread writing those large checks, I am no longer paralyzed by it. Set aside that new number every month.

Bills 130

Bills Budgeting Budget Emergency Fund 130

Family Balance Sheet

MAY 6, 2020

My family’s finances have also been affected. We’ve had several instances over the years that have shaped how we viewed and managed our money. Our emergency fund. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 22, 2020

As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. As hard as it was to do, we stopped contributing to our retirement for about three years and applied that money to these loans.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JUNE 8, 2018

Do you feel like you have more month than money? Do you look at your bank account and wonder, “where did all the money go?” Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. ” We’ve been there too.

Budgeting 133

Budgeting Budget Financial Goals Goals 133