Family Balance Sheet
MAY 6, 2020
Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Storm #2: 2013.
Family Balance Sheet
APRIL 11, 2020
I have written often about the importance of an emergency fund. I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. Fortunately, we won’t be driving much.
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Prairie Eco-Thrifter
OCTOBER 21, 2012
.” Harry Sit from The Finance Buff asks Tax Efficiency: Relative or Absolute? , and says, “Because you have to pay taxes on interest, dividends, and realized gains, an investment that loses less of its returns to taxes is said to be more tax efficient. ” J.P.
Family Balance Sheet
FEBRUARY 4, 2015
In January 2013 there was a blog post on Keeper of the Home that first awakened me to the concept of living debt free. I wasn’t comfortable keeping only $1,000 in an emergency fund with two little ones and just one income, so we didn’t follow that part of his plan. Read more about Shannon’s debt free journey.
Family Balance Sheet
JUNE 22, 2020
By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. Health Sharing Ministry.
Family Balance Sheet
AUGUST 11, 2014
The company I had worked at for 12 years when I started my journey in January 2013, announced it would be making significant job cuts summer 2013. I had good tax returns due to high with holdings (lesson learned). I’m working on baby step 3 (3-6 months emergency fund) while paying cash for my new home projects.
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