Remove 2020 Remove Emergency Fund Remove Finance Remove Goals
article thumbnail

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. That emergency fund saved our business, our sanity, and our marriage.

article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. 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. Everything changed.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Create your debt freedom plan

Family Balance Sheet

Our personal finances are so interwoven with our small business finances that we view them as one. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. At times the plan felt intimidating, but it also changed the direction of our finances.

Debt 130
article thumbnail

How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. Financially speaking, he focuses on building the business and I focus on managing our home and finances. In 2020, we still use and are thankful for Medi-share. We moved the goal post multiple times.

Debt 130