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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! 

Recent Posts

Time To Get the Kids Out of the House

The weekends can be a very busy time in the Goodwin household most of the time, but there are some weekends where we get to chill and relax for a little while. This past weekend was one of those weekends. We hung out and played inside most of the day on Saturday and by the end of the day on Sunday, we had to make sure the kids were able to get their “wiggles” out. We decided to take the kids over to the splash park in our town of Sandwich. It is a nice way to get out of […]

Emergency Fund 101: Why You Need One

We all know that we should have some savings on hand in order to give ourselves margin and put a gap between us and our problems. The bigger our emergency fund, the better prepared we are if something is to happen that is not budgeted for and can’t wait to be put into the budget. Emergencies include, but are not limited to: Furnace going out in the dead of winter Having to fix your car because something went wrong like the transmission went out The roof starts leaking Emergency visit to the hospital These are things that happen, but we […]

6 Things to Think About When Getting a Pay Raise

So, you’ve been working hard to earn more income, you have been putting in the overtime and making yourself as productive and useful as possible. The boss finally realizes that you are worth more at your job and decides to give you a raise. Yay! What do you do with the extra money you are making? I think this question has a lot to do with where you are at in your path to financial freedom. If you still have debt and are still working to pay it off, then your choice is easy, just apply the extra to your […]

May 2015 – $65,904 – Net Worth Update (-$510.00)

Alright, here goes! My first real Budget Report/Net Worth Update! What Happened This month was a pretty good month overall, but I think with how the paychecks fell at the end of the month, our stats were showing a little skewed. We will see next month anyways. We got a good chunk of money put away into savings this month getting us all that much closer to our Fully Funded Emergency Fund of 6 months of expenses! Can’t wait to get that done so that we can start investing, saving for kid’s college and paying off the mortgage! Net Worth […]

How To Use The Envelope System With Direct Deposit

Today, I wanted to tackle a question that I found on Facebook:  I have direct deposit with my paycheck. How do you recommend doing the envelope system after my paycheck has already been deposited? By having direct deposit, you are already making your life easier. You are having your money deposited into your account, many times sooner than expected in my experience, and don’t usually have any wait time to access your funds. That is very nice news! As far as doing the envelope system after it’s already been deposited, all you have to do is make a nice little […]

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