Family Balance Sheet
APRIL 11, 2020
I have written often about the importance of an emergency fund. How I’m managing our family budget during the Pandemic: We pay ourselves at the beginning of each month, so when this crisis started in mid-March, we were covered for the month. Budget items we are temporarily stopping for now: EVERYTHING ELSE!
Family Balance Sheet
APRIL 9, 2021
After the FPU class, we looked at our debts differently. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business. DONE November 2019. Prioritize.
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Motherhood Moments
MARCH 4, 2023
Set a budget and follow it consistently. The first line of defense against debt is to make a budget and keep to it. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful.
Prairie Eco-Thrifter
MARCH 23, 2015
Should you spend the money on that new flat screen and sound bar, or save it for the emergency fund? Take a class, read some books, visit websites like this one to learn all you can about things like borrowing money, paying off credit and loans, ways to save, how to invest and more. I chose wealth, so can you.
Family Balance Sheet
FEBRUARY 4, 2015
We were living on one income that placed us just at the top of lower class income level. I wasn’t comfortable keeping only $1,000 in an emergency fund with two little ones and just one income, so we didn’t follow that part of his plan. I cut our grocery budget down to less than half of what it was.
Prairie Eco-Thrifter
AUGUST 19, 2012
Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. This is a reserve of money for emergencies; leave it alone and don’t go dipping into it for general spending. A diversified mutual fund is an excellent way to achieve a diversified portfolio.
Family Balance Sheet
AUGUST 11, 2014
I have enjoyed belly dancing and pilates the last several years, but time and budget reduced from my schedule. I followed Dave Ramsey’s baby steps and did the Financial Peace University class twice, once at home last spring and I enrolled again at church this past spring to stay focused. How much debt did you pay off?
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