Remove 2000 Remove Heaters Remove Repairs Remove Unemployment
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How to Build your Emergency Fund

Family Balance Sheet

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. I’m going back to bed!

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How to Build your Emergency Fund

Family Balance Sheet

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. 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.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

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. Last year, our van needed 4 new tires to pass its state inspection and our 13 year old dryer stopped working. Oh, and it happened all in one week. Six months?