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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

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. Being self-employed, we need the security that it offers. Cash is King.

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Create your debt freedom plan

Family Balance Sheet

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Cash flow a FAMILY TRIP TO HAWAII.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

My family’s finances have also been affected. 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. It was during this time that I created my first Family Balance Sheet. Everything changed.

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2019 Debt Freedom Plan Update

Family Balance Sheet

. … cue the Jefferson Starship song, “Nothing’s going to stop us now”… Fast forward to September. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. DONE – 6/1/2014. DONE 2015.

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Our 2018 Financial Goals

Family Balance Sheet

An Update on Medi-Share – September 2017. We bought a used pop-up several years ago and it was one of the best decisions for our family We absolutely adore camping, and we’d like to upgrade to a travel trailer. Family Camping to Watkins Glen KOA. Family Camping to Avalon, NJ. Read our Health Insurance Story:

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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. When that loan was paid off, we put that full amount towards the third loan and this continued until September 2019. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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Do You Have A Plan for Replacing Your Appliances?

Family Balance Sheet

This September we will be celebrating 10 years in our home. I don't want to drain the emergency fund, which could easily happen when the AC needs replaced. The house came with very few appliances. Upon moving in, we needed a washer, dryer and refrigerator. We certainly don't want to go into debt either.