2017 Budgeting Emergency Fund Saving 
Family Balance Sheet
MAY 6, 2020
For many households, their finances and budgets are in limbo. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. What got us through financially? This new business debt weighed on me.
Family Balance Sheet
APRIL 9, 2021
Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. Increase business emergency savings. Prioritize.
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Family Balance Sheet
FEBRUARY 2, 2017
They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. His 2017 goal is to make $100,000 in online income. Her 2017 goal is to save $20,000 in cash. She hit that goal in September 2016.
Family Balance Sheet
JANUARY 26, 2016
We have a retirement to plan , our daughters’ college to save for, and many places to visit. You can only cut so much from a budget, so to fill in our shortfall, we’ll need to also earn extra income by growing our small business and growing my blog income. We will control our money, rather than our money controlling us.
Family Balance Sheet
FEBRUARY 10, 2017
A 2017 Update: Since 2013, we have made incredible strides towards paying off our non-mortgage loans. At that time, I couldn’t cash flow the office budget, home budget, our loans, and retirement savings. We will apply half of our debt snowball amount to the home equity loan and it should be paid off by October 2017.
Family Balance Sheet
JANUARY 17, 2018
2 – Save $10k in a savings account, specifically earmarked for medical expenses. We hit our Annual Household Portion (kind of like a deductible) of $10,000 with Medi-Share in 2017 when our daughter had an unexpected medical condition arise that required multiple tests, 3 surgeries, and medication. Be Exceptionally Frugal.
Family Balance Sheet
JUNE 22, 2020
As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. We applied some of this extra cash towards debt and the balance was saved for medical expenses. An Update on Medi-Share – September 2017.
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