Motherhood Moments
JANUARY 18, 2023
An emergency fund is vital regardless of the larger economic climate. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare for the unexpected.
Penny Pinchin' Mom
DECEMBER 17, 2023
Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.
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Penny Pinchin' Mom
DECEMBER 17, 2023
If there is such a clause, you should compare the amount payable to what you are about to save from interest to determine if paying off the debt is an overall gain or loss. Advantages of Saving Despite Debts Building an Emergency Fund Building an emergency savings fund is the top reason to make saving a priority over paying down debt.
Prairie Eco-Thrifter
MAY 30, 2012
Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Make establishing an emergency fund a priority. Ignoring Your Debt Debt is not just going to go away, you must handle it and work to whittle it away.
Family Balance Sheet
SEPTEMBER 9, 2014
Your money stays yours, so you can make it work for you. We also went through multiple job losses, surgeries, huge car repairs, etc. Travel, buy fun stuff, give gifts, help others, work if I feel like it and not if I don’t, etc. When’s our debt free date now that I sent in that $1000 from that extra work?
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