Family Balance Sheet

OCTOBER 13, 2014

Welcome to 31 Days to Organize Your Finances. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Once your finances are in order, your goal should be to increase that number to: three months of living expenses? Six months?

Emergency Fund 100

Emergency Fund Finance Organic Organization 100

Prairie Eco-Thrifter

MAY 22, 2011

It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. Use a savings account to pay down debts. Once you have devised a monthly budget, you can properly account for household income and expenditures. A few dollars here and there seems harmless.

Debt 157

Debt Recession Unemployment Budgeting 157

Family Balance Sheet

MARCH 26, 2021

Your wants and dreams are secondary and should be saved separately. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

FEBRUARY 22, 2011

Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. In 2007, we used about 6 months worth of living expenses and our savings came very close to drying up, so saving one year's worth of living expenses might be more wise for us.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

FEBRUARY 11, 2016

Your wants and dreams are secondary and should be saved for separately. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery, but a broken TV, sweet riding boots, or the snazziest new gadget…not so much. Be diligent about how you use this account.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100

Savings Corner

DECEMBER 25, 2023

In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn. Opportunity: To make the most of your CD, you’ll want to do a quick search of the nation’s top CD rates or the top savings accounts. You won’t even have to leave your house to make money.

Money 52

Money Making Real Estate Rent 52