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

Family Balance Sheet

MARCH 26, 2021

Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Although, as noted above, $1000 is easy to blow through with emergencies, so consider a starter fund of $2000-3000. This amount is also highly recommended by other personal finance experts.

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. It was a life saver, a sanity saver and a marriage saver. What is considered an emergency? It is not a spending account.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Family Balance Sheet

FEBRUARY 11, 2016

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. Although, as noted above, $1000 is easy to blow through with emergencies, so consider a starter fund of $2000-3000.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100