Family Balance Sheet
APRIL 11, 2020
Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. My second prayer is that my family gets through this crisis financially. I have written often about the importance of an emergency fund. Being self-employed, we need the security that it offers. Cash is King.
Family Balance Sheet
APRIL 9, 2021
We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Increase business emergency savings.
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Family Balance Sheet
OCTOBER 18, 2019
1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. 5 – Cash flow a family trip to celebrate. .
Family Balance Sheet
JANUARY 3, 2012
On Christmas day, my husband and I spent 4 hours together traveling in a car to visit his family. The kids were in the back seat watching a movie and we were in the front seat reviewing 2011 and strategizing for the upcoming year. Increase Family Emergency Fund to Six Months Salary. These goals are epic for us.
Family Balance Sheet
JANUARY 26, 2016
It has been my obsession goal since we found ourselves in a dicey situation back in August 2013. That was the month I didn’t know if we had enough funds to cover our expenses. Between 2013 – 2015, we whittled that down and as of today we have just two loans left. I wouldn’t wish that feeling on my worst enemy.
Family Balance Sheet
FEBRUARY 4, 2015
Tell us about you and your family. He now works as an architect, and I do some freelance from home now that we have kids. Luckily, even without misguided financial beliefs, we did pay off a significant portion of our debt before having kids. Today’s Debt Free Story is from Shannon. She writes at Growing Slower.
Prairie Eco-Thrifter
MAY 26, 2016
My grown kids are also savers and I have high hopes that the grandchildren will follow their example. To learn to live within your means is one of our primary family money values. Trepidation about having the grand-kids open a savings account. Helping the parents teach my grandchildren to save is an ongoing project of mine.
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