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. Yep, life was good.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

OCTOBER 18, 2019

1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. 2 – Increase business emergency savings.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

JUNE 22, 2020

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. Also, the monthly mortgage payment was less than our rent payment.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Savings Corner

DECEMBER 25, 2023

Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo, and renovation loans. Advertises a HELOC that can be funded in as few as five business days. You could end up “ house poor ,” spending too much of your income servicing your mortgage or depleting your emergency fund.

Insurance 52

Insurance Home Refinancing Money 52

Family Balance Sheet

JUNE 8, 2018

Necessary expenses could be: – Home: Mortgage/rent, utilities, insurance, taxes, necessary repairs. – Transportation: loan payments, fuel, insurance, service/repairs, necessary parking/tolls. Non-necessity/extra (can survive without, but nice to have). – Food: groceries, meals out, school lunches.

Budgeting 133

Budgeting Budget Financial Goals Goals 133