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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. What helped us through that time was the money we had saved in our emergency account.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

The year 2007 held such promise for us when it started, but by the end of the year we were brought to our knees. As self-employed owners of a small business, we have lived through some tough months, but in 2007, it was a tough year. It was a scary time for us. It is not a spending account. It is for emergencies.

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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. With little money in their bank accounts, these Americans couldn’t afford these unfortunate expenses without using a credit card or maybe relying on a loan from family and friends. A Very Tough Year.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

As self-employed owners of a small business, we have lived through some challenging months, but the year 2007 was especially tough for us. Every month, our income must cover our business and household expenses, but many months in 2007, our income barely covered our business expenses, leaving nothing left for our household.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. Although I have not personally used this resource.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Box are some of my favorite authors) and I use the library to borrow both regular books and electronic resources. I learned from the best, but I believe that a personal finance course should be a requirement for both high school and college graduation. Now I wish those dollars had gone into our savings accounts.