article thumbnail

How to Build your Emergency Fund

Family Balance Sheet

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. What helped us through that time was the money we had saved in our emergency account. That emergency fund saved our business, our sanity, and our marriage. We had enough to get us through one more month.

article thumbnail

How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. Her 2017 goal is to save $20,000 in cash.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. By the end of 2007, our business was picking up again and we were gaining some momentum, but not before we practically wiped out our emergency fund with only $2000 left to spare, not enough to get us through one more month.

article thumbnail

How to Build your Emergency Fund

Family Balance Sheet

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. Our saving grace was the money we had saved in our emergency account. That emergency fund saved our business, our sanity, and our marriage. Create a separate savings account and call it your Emergency Fund.

article thumbnail

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. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. For more on that, read Our Debt Freedom Plan. Six months?

article thumbnail

Our 2017 Debt Freedom Plan Update

Family Balance Sheet

As I reflect back to January 2016, I started that year pretty determined to pay off the balance of our non-mortgage debts. Unfortunately, we did not hit that goal and in part, have made some major changes to our Debt Freedom Plan. Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband.

Debt 100
article thumbnail

The Prairie Eco-Thrifter Giveaway Extravaganza: 2nd Anniversary with an iPad 3 and over $200 Cash To Be Won Plus a Bonus Prize

Prairie Eco-Thrifter

While many personal finance sites focus on things such as getting out of debt, saving for retirement, and investing, what really matters to me the most is how we can live healthy prosperous lives. The site has grown and changed so much and I owe it all to you, my readers.

Prizes 274