A family picture we took under the Bean in Chicago. Of course no one knew where to look, which made it so much more fun!
A family financial success story can take many different forms with so many different goals to accomplish. With all the different areas to plan for like:
- Emergency Funds
- Getting rid of debt
- Investing for retirement
- Planning for kid's college
- Paying off the mortgage
- Giving at a more generous level
There is plenty of reasons that families can fall off the wagon or get confused about where to start. No matter where you are at on your journey, I want to encourage you to make a plan and focus on one thing at a time.
The Couple Money Podcast
Image credit: Couple Money
Today, I get the pleasure of sharing our family financial success story in a new way. I recently sat down with Elle Martinez from the Couple Money podcast to share our family's down to earth journey to becoming debt free and more.
I hope you will check it out as we discuss:
- How Financial Peace University was our pivot moment to help us transform our finances and our marriage.
- My big mistake as I dove into the world of investing and learning about all the different terminology and costs (ouch)!
- How I made the transition to becoming a stay at home dad because of managing our cash flow and margin.
What does your family financial success story look like?
How has your story improved over the last year? What steps are you taking to work toward your goals?
Family financial success stories don't go straight up and to the right in a straight line. It will go up, then down some, and then hopefully up more over time. I like to think that as you do smart things with money long term, this will show on your net worth trend line.
If you haven't started yet, a great first step is creating a monthly budget to get control of your money. This allows you and your spouse to get on the same page and work together. Check below to get access to our budgeting spreadsheets that we've been using since 2011 to get control of our finances and grow our wealth.
Are you ready to finally take control of your finances? Let my budgeting spreadsheets help!
Just fill out the form below and I'll send you the link to get the same exact budgeting spreadsheets that I use each month!
Included in the workbook:
- Monthly budget form
- Breakdown of savings form (for your sinking funds)
- Overview of your financial plan
I've been using these same forms since August 2011 and have grown my family's net worth 500% tracking our money using these forms!
Steven Goodwin
Latest posts by Steven Goodwin (see all)
- September 2018 Net Worth Update – $160,733.71 (+$21,286.78) - October 9, 2018
- August 2018 Net Worth Update – $139,446.93 (+$3,690.43) - September 2, 2018
- July 2018 Net Worth Update – $135,756.50 (+$1,338.43) - August 1, 2018
- June 2018 Net Worth Update – $134,418.07 (+$1,089.72) - July 1, 2018