Remove Building Remove Credit Cards Remove Finance Remove Heaters
article thumbnail

How to Build your Emergency Fund

Family Balance Sheet

If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. If not for that fund, we would most likely have used credit cards to survive.

article thumbnail

How to Build your Emergency Fund

Family Balance Sheet

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? If not for that fund, we would most likely have used credit cards to survive.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We spent the next couple of years building our savings back up, but I am now thinking that it needs to be increased. Once that debt is paid off then start building up you emergency fund to your desired number.

article thumbnail

Yakezie Carnival – Credit Cards Edition

Prairie Eco-Thrifter

Since there seems to be so much in the news lately about credit cards- the good ones, the bad ones, the ugly ones, the fee free ones, the reward ones, the secured ones, etc. I figured I would talk about credit cards as today’s theme. Funancials : Should I Cancel My Credit Card? Read away my friends.