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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. 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. Everything changed.

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Source : freepik.com Managing finances can be an incredibly stressful and overwhelming endeavor. Instead, you may want to check out thrift stores or buy classic, high-quality items that will last longer. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

After reading Dave Ramsey’s book, The Total Money Makeover , I realized that we were spreading ourselves too thin and our finances were not as great as I thought they were. The link will give you all of the information you need to complete the sheet. 2 – Create your Debt Freedom Plan. We said NO to a lot, and that isn’t fun.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

She writes about family, finances and faith at her blog, Principles of Increase. More diligence with finances brought in more income producing opportunities for us. We rarely argued about finances since we paid the decision to be debt free. Who handles the day-to-day finances in your home or do you work on it equally?

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Our Big Financial Goal for 2016

Family Balance Sheet

That was the month I didn’t know if we had enough funds to cover our expenses. Thankfully, we have worked through those trials and the experience actually made a positive impact on our finances. Choose Thrift First. And if forgetting about it isn’t an option, only then will I step foot into a store to purchase it.