Family Balance Sheet
MARCH 26, 2021
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. We had enough to get us through one more month.
Family Balance Sheet
APRIL 1, 2021
Our emergency fund has saved us countless times and it will save us once again with the truck. And while I don’t like parting with our money, I am grateful that this repair won’t send us into financial distress. 3 Action Steps to Set Up Your Emergency Fund. It is NOT a spending account.
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Family Balance Sheet
APRIL 9, 2021
He calls it his 7 Baby Steps. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund.
Family Balance Sheet
MAY 6, 2020
What got us through financially? 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. I still use my spreadsheet to this day! It was a lifesaver, a sanity saver, and a marriage saver.
Family Balance Sheet
AUGUST 11, 2016
They’re taking a gap year between high school and college. We’re struggling with it all too. If you’re married, you MUST do this with your spouse.) It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. It is a lot.
Family Balance Sheet
MARCH 19, 2014
Using Dave Ramsey’s 7 baby steps, we created our Debt Freedom Plan. We are self-employed small business owners and felt we needed to adapt Dave’s baby steps slightly to include our business. Unfortunately they’re not cheap. Our goal is to have everything funded by the summer.
Prairie Eco-Thrifter
MAY 27, 2012
10 Reasons Why You’re Broke If you always seem to have more month than cash, then it’s time to look at why. See if you can identify with any of these statements: I spend more than I earn I don’t have a household budget I use credit cards all the time to buy everyday essentials like food, gas, transport.
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