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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. Which comes first: saving for an emergency OR paying off debt?

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

We charted out our course of action to pay off debts and start saving for retirement. A few of my favorite personal finance books: The Total Money Makeover: A Proven Plan for Financial Fitness , by Dave Ramsey. We had a very tough year back in 2007. Write these dreams down on paper. And Read some more.