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Welcome To MyFamilyOnABudget.com!
I'm so happy you dropped by here at my personal finance website. I try to write personal finance stories going through life with 2 girls. I aim to inspire, motivate, and educate while laughing along the way beating debt and building wealth.
Personal finance has been a passion of mine since my wife and I took Financial Peace University back in August 2011. You can read our entire story here. Since then, we've paid off all of our debt other than our home mortgage, totaling over $27,000 over 2 years. We've continued to work the FPU baby steps and now have a fully funded emergency fund as well as are actively investing.
This website aims to inspire you by sharing our net worth reports, motivate you by sharing different stories of people winning with money and educate you with informative personal finance articles that are easy to read and relate to with actionable content that you can put into place right away.
I hope that you will grab a cup of your favorite beverage, mine is coffee flavored with french vanilla creamer, and read and take action on the information that's being shared here! Hopefully, as you learn to get control of your finances as well, you will share your story to help motivate and inspire others as well. We are here to learn from one another and I can't wait to hear your input on any of our posts in the comments section of your favorite posts!
We finally finished up our 6 month emergency fund this month. Stocks put a damper on our growth, but we ended up positive over the month.
When you think of debt free, what kinds of things come to mind? Check out these 7 characteristics I’ve chosen to emulate as I take my financial journey.
I have been tossing an idea around in my head for a while now. What’s the best way to grow income? I really feel that there are two ways to do it, but only one of those ways will lead to unstoppable growth. You can get hired on to earn income, e.g. pizza delivery, work a job, etc. Trading Time For Dollars By taking a job, you are always going to be limited to the hours you can put in because you are always trading time for dollars. And we all only have 24 hours in a day. And, even though […]
Ah, the good old question of whether to keep a little bit of money tucked away into the main checking account. This seems to come up quite often with people just starting out making their budgets and starting to tell their money what to do. I thought it would be a great time to dive in and explain what a checking account buffer is, advantages and disadvantages to having it, and finally, what my family do in regards to this ourselves. If you have never created a budget yourself or need help, please check out this great guide I’ve put […]
So, all the hard work has finally paid off! We finally hit our magic number in our emergency fund and I made the transfer on 8/11/15 to finish it up! This is a very exciting moment since it means that we have finally set a solid foundation by paying off all debt but our home mortgage and getting a 3-6 month emergency fund in place. We are now set up to focus on taking our extra money and begin investing it into long term growth. It has really been a long road for us to reach this milestone and took […]