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. For more on that, read Our Debt Freedom Plan. An emergency fund is not a spending account. Six months?

Emergency Fund 100

Emergency Fund Finance Organic Organization 100

Family Balance Sheet

MARCH 26, 2021

Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account. It might be best to use an account that isn’t linked to an ATM card, thus making it somewhat annoying to reach the funds, but not difficult when you do actually need them. Where Should the Money Go?

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

FEBRUARY 22, 2011

By the end of 2007, our business was picking up again and we were gaining some momentum, but not before we practically wiped out our emergency fund with only $2000 left to spare, not enough to get us through one more month. We spent the next couple of years building our savings back up, but I am now thinking that it needs to be increased.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

FEBRUARY 11, 2016

That emergency fund saved our business, our sanity, and our marriage. By the end of 2007, our business picked up again–thankfully–but not before we practically wiped out our savings with only $2000 left to spare, not enough to get us through one more month. Be diligent about how you use this account.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100