Family Balance Sheet

MARCH 26, 2021

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Be diligent about how you use this account.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

FEBRUARY 11, 2016

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. That emergency fund saved our business, our sanity, and our marriage. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100

Family Balance Sheet

OCTOBER 13, 2014

The total cost for the new tires and the dryer repair was $900. Several years ago, our other vehicle needed new tires to pass inspection and our hot water heater stopped working. An emergency fund is not a spending account. Create a separate savings account and call it your Emergency Fund. Six months? Absolutely!

Emergency Fund 100

Emergency Fund Finance Organic Organization 100