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. 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.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

FEBRUARY 22, 2011

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.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

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. 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.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100

Family Balance Sheet

OCTOBER 13, 2014

Several years ago, our other vehicle needed new tires to pass inspection and our hot water heater stopped working. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Your wants and dreams are secondary and need to be saved for separately. Have you had weeks like that?

Emergency Fund 100

Emergency Fund Finance Organic Organization 100