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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Personally, I think a starter fund should be $2000-$3000. If you are self-employed, work for a company or in an industry that is unstable, or maybe you or someone in your family has medical issues, you might want to save 6-12 months of expenses. Remember this account is specifically for your emergency fund.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Although, as noted above, $1000 is easy to blow through with emergencies in one week, so maybe a starter emergency fund of $2000-3000 would be more comfortable for you.

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How to Build your Emergency Fund

Family Balance Sheet

Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account. It might be best to use an account that isn’t linked to an ATM card, thus making it somewhat annoying to reach the funds, but not difficult when you do actually need them. Where Should the Money Go?

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How to Build your Emergency Fund

Family Balance Sheet

That emergency fund saved our business, our sanity, and our marriage. By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings with only $2000 left to spare, not enough to get us through one more month. Be diligent about how you use this account.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Personally, I think a starter fund should be $2000-$3000. If you are self-employed, work for a company or in an industry that is unstable, or maybe you or someone in your family has medical issues, you might want to save 6-12 months of expenses. Remember this account is specifically for your emergency fund.

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Why We Chose Medi-Share, an affordable solution to traditional health insurance

Family Balance Sheet

The new monthly payment would have left us ‘insurance poor’ On top of that bombshell discovery, we realized the insurance plans that were being offered to us were NOT compatible with a health savings account, a tax deductible savings vehicle offered to those with high deductible health plans.