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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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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.

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Savings Goal Calculator – NerdWallet

Savings Corner

Saving enough money for the future starts with a plan. 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. Use our tool to start working toward your savings goal. Time to grow : The deadline for your savings goal.

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So You’ve Maxed Out Your Emergency Fund – Now What?

Prairie Eco-Thrifter

Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). .

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How to Build your Emergency Fund

Family Balance Sheet

You see, we learned a valuable lesson many years prior about the importance of an emergency fund. We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund. That emergency fund saved our business, our sanity, and our marriage.

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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 your emergency fund. Follow these three action steps and the list of ideas below to find the cash for your fund.

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For Better Savings: Use Sub Accounts to Differentiate Your Goals

Prairie Eco-Thrifter

It’s fun to watch your account grow, but at the same time, if you have different goals for the money, having everything in one account can be problematic, since you aren’t able to identify which money is earmarked for a specific goal. Chances are that you are saving for different purposes.

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