Family Balance Sheet

MAY 6, 2020

Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. It kept me up at night.

Debt 130

Debt Emergency Fund 2007 2020 130

Prairie Eco-Thrifter

JULY 16, 2014

Emergencies happen…to everyone. They can come in the form of a health scare a home repair or otherwise. When it comes to emergencies, it’s not so much a question of if, but rather, when. So build up the emergency fund now, so that the when doesn’t catch you before you’re ready for it.

Emergency Fund 174

Emergency Fund Insurance Recession Unemployment 174

Motherhood Moments

MARCH 4, 2023

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. Additionally, this fail-safe plan can prevent you from racking up expenses (and exorbitant fees!)

Debt 130

Debt Money Building Credit Cards 130

Family Balance Sheet

OCTOBER 18, 2019

1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. Start Additional Savings Accounts.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

For the Mommas

JANUARY 3, 2011

You skip paying a bill to pay for a repair. As a part of my Back to Basics series , I am writing a post on how to start an emergency fund. Amy’s emergency fund saved her — when her heater went out on New Years Eve. Without an emergency fund, this could have been an major financial blow.

Emergency Fund 49

Emergency Fund Amy's Financial Goals Heaters 49

Family Balance Sheet

MAY 21, 2021

Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office. Also, we needed to make some much-needed repairs to our home and office that really couldn’t wait until we paid off six figures.

Debt 130

Debt Goals Debt Free Pay Off Debt 130

Prairie Eco-Thrifter

OCTOBER 20, 2014

Repair that roof leak, whether it is via putting on an entire new roof or doing a short term fix to extend the life of what you have. Good thing we have that emergency fund because this won’t be cheap to fix. Leaks, where ever they occur cause water damage and potentially allow for the growth of mold. Money Tips'

Saving Money 162

Saving Money Money Saving Emergency Fund 162

Family Balance Sheet

JULY 20, 2011

I don't want to drain the emergency fund, which could easily happen when the AC needs replaced. I didn't and I found this article helpful, How to Avoid Refrigerator Repairs. 4 - Start a replacement fund. We certainly don't want to go into debt either. My main concern is that AC unit.

Appliances 138

Appliances Washer and Dryer Emergency Fund Warranties 138

Savings Corner

DECEMBER 25, 2023

Specifically, weigh buying in cash — and possibly eating into or wiping out your emergency fund — versus making affordable payments over time. Edmunds and Kelley Blue Book have cost-to-own tools that account for expected fuel costs, maintenance, repairs, state fees and average depreciation.

Cars 52

Cars Car Insurance Calculators 52

Family Balance Sheet

SEPTEMBER 9, 2014

We also went through multiple job losses, surgeries, huge car repairs, etc. I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously. We hit everywhere in between.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Prairie Eco-Thrifter

NOVEMBER 12, 2011

Money Talks Coaching: Finding Your Emergency Fund – I hear you saying “I know emergency funds are important, but how am I supposed to save money when I can’t even pay my bills?” Today I’m going to talk about getting those emergency funds going. krantcents: How Will You Measure Your Life?

November 188

November 2011 Personal Finance Finance 188

The Frugal Girl

JANUARY 29, 2024

Multi-pronged answer here: historically it was hard-wired in my DNA as a necessity but also being a good steward of what we’re blessed with & being able to give/help others; having enough for emergency funds was always a high priority as well. I’ll be working until I die in the harness😊 5. What’s your best frugal win?

Arkansas 180

Arkansas Frugal College Kids and Family 180

Family Balance Sheet

JUNE 22, 2020

This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Savings Corner

DECEMBER 25, 2023

You could end up “ house poor ,” spending too much of your income servicing your mortgage or depleting your emergency fund. Leaving a cushion for home maintenance and repairs, as well as potential emergencies, is a good idea even if you’re purchasing a move-in-ready home.

Insurance 52

Insurance Home Refinancing Money 52

Family Balance Sheet

JUNE 8, 2018

Necessary expenses could be: – Home: Mortgage/rent, utilities, insurance, taxes, necessary repairs. – Transportation: loan payments, fuel, insurance, service/repairs, necessary parking/tolls. Non-necessity/extra (can survive without, but nice to have). – Food: groceries, meals out, school lunches.

Budgeting 133

Budgeting Budget Financial Goals Goals 133