Remove Eating Out Remove Emergency Fund Remove Finance Remove Goals
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. 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. Everything changed.

Debt 130
article thumbnail

Our Big Financial Goal for 2016

Family Balance Sheet

It has been my obsession goal since we found ourselves in a dicey situation back in August 2013. That was the month I didn’t know if we had enough funds to cover our expenses. Thankfully, we have worked through those trials and the experience actually made a positive impact on our finances. Guidelines for 2016: 1.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Conduct an Effective Family Financial Analysis

Prairie Eco-Thrifter

Are you having a hard time controlling your finances? Many parents are finding it hard to control their finances and stretch their wallet these days more than ever. The key out of this is to start changing your perspectives about money and become more effective and responsible in handling your resources properly.

Family 196
article thumbnail

The Spending Plan Mentality

Prairie Eco-Thrifter

My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. We want an emergency fund. Eating out a few times a month. My spending plan is fairly easy to stick to. First, it involves automation.

article thumbnail

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

Family Balance Sheet

A budget could help you avoid late and insufficient funds fees, find money for an upcoming trip or expense, and ease a disagreement over finances in a marriage. Personally, budgeting has allowed us to control of our money, reach financial goals, and start planning for our dream life. What a great problem to have, right?!?!

Budgeting 133
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. Financially speaking, he focuses on building the business and I focus on managing our home and finances. When we did eat out, we followed these rules: 15 Smart Tips to Save Money When Eating Out.

Debt 130
article thumbnail

Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously. Who initiated the debt free goal? How often do you and your spouse discuss your finances/budget/spending?

Debt 236