Family Balance Sheet

MARCH 26, 2021

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. Your wants and dreams are secondary and should be saved separately. Where Should the Money Go?

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

FEBRUARY 11, 2016

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. Your wants and dreams are secondary and should be saved for separately. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100

Family Balance Sheet

FEBRUARY 22, 2011

We spent the next couple of years building our savings back up, but I am now thinking that it needs to be increased. In 2007, we used about 6 months worth of living expenses and our savings came very close to drying up, so saving one year's worth of living expenses might be more wise for us. Six months? One year?

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127