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How to Build your Emergency Fund

Family Balance Sheet

If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. I’m a big fan of online accounts, like Capital One 360 , that you will connect to your local bank.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

The year 2007 held such promise for us when it started, but by the end of the year we were brought to our knees. As self-employed owners of a small business, we have lived through some tough months, but in 2007, it was a tough year. Once that debt is paid off then start building up you emergency fund to your desired number.