Family Balance Sheet

MARCH 26, 2021

This post was first published in 2016. 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 is an Emergency Fund?

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

APRIL 9, 2021

Dave Ramsey has a plan and it has worked for millions of people. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business. He calls it his 7 Baby Steps.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

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. So we got to work!

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JANUARY 26, 2016

2016 will be THE year. That was the month I didn’t know if we had enough funds to cover our expenses. Thankfully, we have worked through those trials and the experience actually made a positive impact on our finances. Guidelines for 2016: 1. We work hard and really relish our time away. The Game Plan: 1.

Financial Goals 100

Financial Goals Goals 2016 Debt 100

Family Balance Sheet

AUGUST 11, 2016

You work until you are 65 and then retire. Work for the same company for 35+ years. Another friend chimed in, “we’ll never stop working, retirement isn’t possible.” Start Saving for your Emergency Fund TODAY! That emergency fund saved our business, our sanity, and our marriage.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

OCTOBER 18, 2019

2016 & 2017 Update. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. 1st Update in June 2014.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Family Balance Sheet

JANUARY 17, 2018

2 Additional Goals: If we save the $10k early, we’d like to work on the following 2 goals. We work hard and really relish our time away and most of the trips we have planned for 2018 will involve our pop-camper. 2016 Update. Save a starter Home Emergency Fund. An Update on Medi-Share – September 2017.

Financial Goals 113

Financial Goals Goals 2018 Debt 113