article thumbnail

2019 Debt Freedom Plan Update

Family Balance Sheet

We ran the numbers of the purchase and they looked great on paper, but paper doesn’t account for a new server, a roof leak, unexpected medical bills, and other calamities. 1 – Save a starter Home Emergency Fund. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here.

Debt 100
article thumbnail

The Spending Plan Mentality

Prairie Eco-Thrifter

My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. Even some of my groceries are automatically billed, since I have milk delivery from a local dairy, and organic produced delivered to my door weekly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Intentional Spending – Being Ready For An Emergency

For the Mommas

Not having the money to cover an unexpected bill, just turns into a series of robbing Peter to pay Paul. You skip paying a bill to pay for a repair. As a part of my Back to Basics series , I am writing a post on how to start an emergency fund. Without an emergency fund, this could have been an major financial blow.

article thumbnail

How to Take the Stress Out of Job Hunting

Prairie Eco-Thrifter

Ultimately, if you were the person responsible for paying the bills in your home, and you didn’t have much of an emergency fund in place, there’s a chance that you’ll need to seek out the assistance of a personal loan between you and your partner until you get back on your feet.

Hunts 138
article thumbnail

How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. Entries such as your mortgage, gas, electricity bill, and so on are essential.

article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. receipts, statements, all upcoming bills, and any other history of your spending.

Budget 133
article thumbnail

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

Family Balance Sheet

Maureen, from The Debt Free Mess Free Life , suggests that you understand what motivates you to act unwisely and spend frivolously (if that is your situation). She and her husband also used a visual motivation chart posted on their refrigerator. What need are you trying to fulfill by over spending or shopping? goals to get us there.