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Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They took it one step at a time though, first by building up emergency funds as quickly as possible, then by paying off the credit cards and committing to no new debt. Conversely, you could give yourself a consequence too if you don’t hit the goal. Save for emergencies. Read: How to Build your Emergency Fund.