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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

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. Our only spending going forward will be for essentials, such as our mortgage, utilities, groceries, our Medi-Share premium , and fuel for the cars. Cash is King.

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

Family Balance Sheet

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. Necessary expenses could be: – Home: Mortgage/rent, utilities, insurance, taxes, necessary repairs.

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