article thumbnail

25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Our emergency fund has saved us countless times and it will save us once again with the truck. If you can’t answer with the word, CASH , then please, set yourself up for success and build an emergency fund. Follow these three action steps and the list of ideas below to find the cash for your fund.

article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Our business has definitely been affected with no end in sight. 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.

Budgeting 246
Insiders

Sign Up for our Newsletter

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

article thumbnail

Savings Goal Calculator – NerdWallet

Savings Corner

Whether you’ve set your sights on a new car, wedding or emergency fund, chipping away at the cost little by little can help you get there. How to use a savings goal calculator Here are brief definitions for terms used in the calculator. Saving enough money for the future starts with a plan. Tax Filing Webinar — Jan.

article thumbnail

Create your debt freedom plan

Family Balance Sheet

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. DONE November 2019. Prioritize.

Debt 130
article thumbnail

Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

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.

Debt 130
article thumbnail

How to Live your Dream Life Debt Free

Prairie Eco-Thrifter

If you wish to live your dream life debt free then equalize your definition of “dream life” with the basic concept of basic mathematical operations that you learned in Grade 1. For example, if you are expecting your sales volume to escalate, even if it is really possible, exclude it in preparing your budget. What is 1+1? What is 10-1?

Debt Free 235
article thumbnail

2012 Financial Goals

Family Balance Sheet

Increase Family Emergency Fund to Six Months Salary. My husband and I have some ideas about how much we want to contribute and we definitely need to devise a game plan this year. Retirement saving has been a permanent part of our monthly budget for the entire eleven years that we have been married and this will not change.