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

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

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!

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. Our emergency fund. We have hit uncertain times and this pandemic has felt like a wall that is unscalable.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Finally, we took the dive by making a budget and starting our debt snowball. The budget is key. I told Kelvin and he wasn’t overly excited, but he was on board right away and was pretty complicit in the budget making and accelerated debt pay-off. How often do you and your spouse discuss your finances/budget/spending?

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Ryan is a high school math teacher and also officiates college basketball (November thru March). I knew I was going to be a stay at home mom when we had kids and since we were both teachers, we simply could not afford for me to stay home, unless we got rid of something big in our budget. I also blog at Snyders Tell All.

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