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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

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. Later in his plan, he recommends people save 3-6 months salary, but only after they’ve paid off their non-mortgage debt.

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How to Build your Emergency Fund

Family Balance Sheet

We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. 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.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

I learned to save money by watching my parents. (I I still remember saving my change as a kid so I could “shop” for books at yard sales.) Although my parents never specifically taught me about finances, they lived a frugal life by necessity. Now I wish those dollars had gone into our savings accounts.

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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. It is not a spending account. Save it and forget about it. It was a scary time for us.

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How to Build your Emergency Fund

Family Balance Sheet

We have lived through some challenging months as small business owners, but 2007 was a very tough year for us. That emergency fund saved our business, our sanity, and our marriage. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account. A Very Tough Year.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. We had a very tough year back in 2007. It is a lot.