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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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.

Debt 130
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Create your debt freedom plan

Family Balance Sheet

Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. Increase business emergency savings.

Debt 130
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2019 Debt Freedom Plan Update

Family Balance Sheet

. … cue the Jefferson Starship song, “Nothing’s going to stop us now”… Fast forward to September. After years of scrimping and saving and not spending extra money on things, we have achieved the biggest financial goal we have ever set for ourselves in our 19 years of marriage. DONE – 6/1/2014. DONE 2015.

Debt 100
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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. Every night my first prayer is that this virus starts to mitigate, the curve flattens to a manageable level for our health care system, and lives are saved. I have written often about the importance of an emergency fund.

Budgeting 246
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Do You Have A Plan for Replacing Your Appliances?

Family Balance Sheet

This September we will be celebrating 10 years in our home. I don't want to drain the emergency fund, which could easily happen when the AC needs replaced. A warranty saved us a lot of money when our fairly new hot water heater unexpectedly broke last fall. 4 - Start a replacement fund. Are they under warranty?

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*HOT* Earn $152 in Cash FREE from ING

Saving With Shellie

Open an ING Orange Savings Account. Set up Direct Deposit on the Savings Account you opened above. Your other $76 bonus for setting up Direct Deposit will be automatically deposited by September 10th. Plus request a Saving with Shellie Coupon Class in your area! How to Get Your FREE $76. How to Get Another $76 FREE.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Personal Finance Whiz : What Is An Emergency Fund? One of the major components of being financially fit is to have an emergency fund. Here are the ins and outs of the whole process – why you need one, how much you should have, how to save for it, where to keep it and what do to (and what not to do) with it.

October 200