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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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2019 Debt Freedom Plan Update

Family Balance Sheet

A lot of life happened over 7 years and our plan changed slightly, but our goal remains to achieve complete freedom from debt. Our 2019 Financial Goal. After years of scrimping and saving and not spending extra money on things, we have achieved the biggest financial goal we have ever set for ourselves in our 19 years of marriage.

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My #SavingsPledge Goal

Saving With Shellie

I encouraged you to build an emergency fund or pay down debt with your savings. My goal is to save as much money as I can this fall. That’s my goal. I don’t know if it’s attainable in a few short months but having this lofty goal has me determined to save. We are currently building a new house.

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Update #1: Our Debt Freedom Plan

Family Balance Sheet

Our current savings is not at a true emergency fund level of 3-6 months, but further down our plan, we will save up to that level. We also have some renovations and equipment that cannot wait and we need to cash flow. What financial goals are you working towards? Are you making headway with those goals?

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Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. We also have some renovations that we need to cash flow. | Our goal is to have everything funded by the summer. Our Debt Freedom Plan. ” ~ Jim Rohn.

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Our 2018 Financial Goals

Family Balance Sheet

Did you make 2018 financial goals ? My husband and I discussed some ideas over our holiday break and we decided on 2 solid must-achieve financial goals for the year. If we complete them early, we’ll move on to 2 additional goals that are on our radar. Our 2 Main Financial Goals for 2018: 1 – Finish the will.

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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. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. We moved the goal post multiple times. What could possibly go wrong? How do you eat an elephant?

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