Remove 2019 Remove Buy Remove Emergency Fund Remove February
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. It kept me up at night.

Debt 130
article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. In January and February, my husband and I were contemplating replacing our 12.5 We didn’t have enough cash saved to buy a car without a loan and that wasn’t sitting well with me. Emergency Savings = Last Resort. Cash is King.

Budgeting 246