article thumbnail

A Goal Without a Plan is Just a Wish

Family Balance Sheet

My husband and I are self-employed and own a chiropractic office where he is the chiropractor and I am the business manager. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. However a few years ago, we found ourselves with too much debt and not enough cash.

Goals 100
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

My family’s finances have also been affected. It was during this time that I created my first Family Balance Sheet. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. Everything changed. Storm #2: 2013.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Update #1: Our Debt Freedom Plan

Family Balance Sheet

Back in March I wrote about my family’s Debt Freedom Plan. The server in our office is about 10 years old and has reached capacity. We also have some renovations and equipment that cannot wait and we need to cash flow. Our current amount is enough where I sleep much more soundly at night. Unfortunately they’re not cheap.

Debt 100
article thumbnail

5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

Our small business was going well and we said so long to renting office space and purchased a commercial property. But in August 2013, our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages, our home and our business. Yep, life was good. My Life Plan.

Finance 100
article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. 3 – Cash flow necessary business expenses and renovations. 5 – Cash flow a family trip to celebrate. . Our Debt Freedom Plan has been a long winding road. DONE 2015.

Debt 100
article thumbnail

Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

The server in our office is about 10 years old and has reached capacity. We also have some renovations that we need to cash flow. | We will cash flow a FAMILY TRIP TO DISNEY. Increase our emergency funds for the home & office to 3 – 6 months worth of expenses. Cash flow a FAMILY TRIP TO HAWAII.

Debt 100
article thumbnail

How to Quickly Remodel Your Home & Save Money

Koupon Karen

Living Room The living room is the heart of the home, a place where families gather and make cherished memories. is to partner with a basement renovation company to help you transform your basement into a functional and inviting area that fits your lifestyle and needs. A helpful piece of advice from FinishedBasement.ca