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! Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government.

Bills 130

Bills Budgeting Budget Emergency Fund 130

Family Balance Sheet

MAY 6, 2020

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. It kept me up at night.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

APRIL 11, 2020

I have written often about the importance of an emergency fund. I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. Cash is King.

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

JUNE 8, 2018

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. A zero-based budget is planning for every single dollar of after-tax income. If your paychecks are inconsistent, you will need to cautiously estimate your after-tax income.

Budgeting 133

Budgeting Budget Financial Goals Goals 133

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. But at the beginning of our journey to pay off the debt, I was listening to Dave Ramsey on the radio. Health Sharing Ministry.

Debt 130

Debt Health Insurance Insurance Budgeting 130