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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. That emergency fund saved our business, our sanity, and our marriage.

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So You’ve Maxed Out Your Emergency Fund – Now What?

Prairie Eco-Thrifter

Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. I remember a few months ago when I hit my $10,000 emergency fund target. Once you’ve reached that goal and have a nice, healthy emergency fund in your bank, what do you do next?

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How to Build your Emergency Fund

Family Balance Sheet

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. You see, we learned a valuable lesson many years prior about the importance of an emergency fund. What is an Emergency Fund?

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How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

Years ago, April sent me into a panic and a scramble to find the funds. It all started years ago when we refinanced our mortgage and were no longer required to send an escrow payment to the bank for real estate taxes and our home owner’s insurance. Do you have a fund like this to pay those bills?

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6 Tricks to Save More Money in 2015

Prairie Eco-Thrifter

Would you like to end 2015 with a bigger bank account than you currently have? Earmark this money for an emergency fund, a new car fund, a vacation fund, whatever you would like. Try to cash it in at the bank rather than at a coin machine in the grocery store so you don’t have to pay a commission.

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Build Your Home Food Storage Without Breaking the Bank

Prairie Eco-Thrifter

Check off items as you get them, and that will let you to go “out of order” when you find coupons for something further down on the list. Just as you can build a solid emergency fund by starting small, it’s possible to build up your home food storage a little at a time. There’s no need to go overboard.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

However, even if you find yourself tight on money, you can still manage to put a little away each month. The good news is if you are diligent in putting money away, you will likely never have to panic when a financial emergency arises. If you are hard pressed to find ways to save money, here are some ideas to help get you started.

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