article thumbnail

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.

Debt 100
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

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. Read: How We Watch Great TV without Cable. What could possibly go wrong?

Debt 130
article thumbnail

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

Family Balance Sheet

How to Watch Great TV without Cable – We were able to cut $50/month by giving up cable, yet we still watch great TV. 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. The grocery category is the easiest one to reduce.

Budgeting 133