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! But let me show you how to budget (and pay) for yearly bills with a strategy I’ve used for years. This is not an account to fund anything else–ever! Let us know in the comments.

Bills 130

Bills Budgeting Budget Emergency Fund 130

Family Balance Sheet

MAY 6, 2020

What got us through financially? 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. I still use my spreadsheet to this day! It was a lifesaver, a sanity saver, and a marriage saver.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

APRIL 11, 2020

Pre-coronavirus, we didn’t think twice about shaking a stranger’s hand, using the ATM keypad, or going to the grocery store without donning a hazmat suit. I have written often about the importance of an emergency fund. I have been using it ever since. Emergency Savings = Last Resort. Cash is King.

Budgeting 246

Budgeting Budget Family Debt 246

Family Balance Sheet

JUNE 22, 2020

This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. 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.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

JUNE 8, 2018

We have been using this system ever since. A zero-based budget is planning for every single dollar of after-tax income. I highly suggest using a separate paper calendar from your normal planner to eliminate any confusion. Use old receipts, bank statements to get an idea of how much you must spend. lined paper.

Budgeting 133

Budgeting Budget Financial Goals Goals 133