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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. It was a very scary time for us. An emergency fund is NOT a spending account.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

It was a scary time for us. What got us through.our emergency fund. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. An emergency fund is really a necessity account. It is not a spending account. Save it and forget about it.

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How to Build your Emergency Fund

Family Balance Sheet

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. With little money in their bank accounts, these Americans couldn’t afford these unfortunate expenses without using a credit card or maybe relying on a loan from family and friends.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We had a toddler and a baby on the way and our business was heading south–it was a scary time for us. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. When an emergency happens, you use your emergency fund, instead of your credit card.