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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. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive.

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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. What helped us through that time was the money we had saved in our emergency account.

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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. A Very Tough Year.

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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 was a scary time for us. It is not a spending account. It is for emergencies.

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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.**. of Gen X report they have saves less than $10,000 for retirement.**.

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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Box are some of my favorite authors) and I use the library to borrow both regular books and electronic resources. 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.) Now I wish those dollars had gone into our savings accounts.