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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. It kept me up at night.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. This is not an elective, fun, no-spend month like what we did in January to find funds for our summer vacation. We have an emergency fund, but after this crisis, we will likely need to replenish it and increase the amount that we keep.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal. Personal Escrow – Use this spreadsheet to plan for your high yearly expenses, such as property taxes, association fees, home/auto insurance, etc.

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