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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. If not for that fund, we would most likely have used credit cards to survive.

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How to Build your Emergency Fund

Family Balance Sheet

Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? 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.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

Both instances could have brought us down and we could have reached for a credit card, but thankfully, my husband and I are pretty adamant about having an emergency fund and I want you to become adamant about having one too. That fund was a life saver, a sanity saver and a marriage saver. What is an Emergency Fund.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

While this financial storm is very different, this isn’t the first one my husband and I have weathered. 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. Everything changed.

Debt 130
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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Automating your savings towards an emergency fund makes this process easier and less painful. on your credit card. Make smart choices with credit. Credit can be a valuable tool when used wisely, but it can also quickly lead to debt if you're not careful. Save for retirement T-O-D-A-Y.

Debt 130
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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

Personal Finance Tips for Better Financial Health If you are currently struggling financially, I’m here to tell you that your financial situation isn’t unique. So you aren’t alone! Unfortunately, most people don’t have it. They already have savings accounts that they don’t know about.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. I mean, we didn’t even think of it!

Debt 236