Savings Corner

DECEMBER 25, 2023

Whether you’ve set your sights on a new car, wedding or emergency fund, chipping away at the cost little by little can help you get there. Savings goal : The amount you want to save — whether it’s for an emergency fund, short-term goal or long-term goal. Saving enough money for the future starts with a plan.

Calculators 52

Calculators Goals Emergency Fund Financial Goals 52

Family Balance Sheet

APRIL 9, 2021

We didn’t carry over credit card balances, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%. We agreed that credit card debt wasn’t very smart, but a car loan? We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

MAY 6, 2020

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. It was a scary time for us.

Debt 130

Debt Emergency Fund 2007 2020 130

Prairie Eco-Thrifter

JUNE 11, 2014

You might be saving up for a vacation, while at the same time building up your emergency fund and creating a fund for car maintenance and repairs. If you want to have $2,000 in your car maintenance fun, set up a sub account that allows you to save for that specific goal. I do this with my emergency fund.

Goals 208

Goals Emergency Fund Used Vacation 208

Prairie Eco-Thrifter

MARCH 25, 2013

What happens if you are hit with an expense that you can’t afford, and your emergency fund just isn’t up to scratch yet? Unfortunately, these sources of quick cash are among the worst possible ways to fund your emergency. Car Title Loans. As long as you make regular payments, your car is safe.

Emergency Fund 221

Emergency Fund Taxes Cars Car 221

Family Balance Sheet

APRIL 11, 2020

I have written often about the importance of an emergency fund. Our only spending going forward will be for essentials, such as our mortgage, utilities, groceries, our Medi-Share premium , and fuel for the cars. Plus, I was getting antsy for a new car. No car payment = peace of mind. Cash is King.

Budgeting 246

Budgeting Budget Family Debt 246

Prairie Eco-Thrifter

JULY 16, 2014

When it comes to emergencies, it’s not so much a question of if, but rather, when. So build up the emergency fund now, so that the when doesn’t catch you before you’re ready for it. Emergency or otherwise, unexpected expenses arise all the time. They can come in the form of a health scare a home repair or otherwise.

Emergency Fund 174

Emergency Fund Insurance Recession Unemployment 174

Family Balance Sheet

JULY 10, 2023

I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. We had two options: wait a day to leave Florida or rent a car once we got to Philly and drive to our parked car at the Harrisburg airport. In total, we have made $250 in interest since April.

Frugal 100

Frugal June Flights CD 100

Family Balance Sheet

NOVEMBER 5, 2014

The debt consisted of my student loans and a car loan. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. I focus more on the big picture (saving for a house, vacations, emergency fund, etc.) How much debt did you pay off? We do it together.

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Prairie Eco-Thrifter

JUNE 30, 2014

My fiancé’s financial goal is to save up money for incidentals and emergencies (over and above our current fully-funded emergency funds), and then buy a really good truck and perhaps a boat with anything extra that hasn’t gone toward retirement or the emergency funds. Money Tips'

Financial Goals 189

Financial Goals Goals Emergency Fund Finance 189

Family Balance Sheet

AUGUST 11, 2016

Start Saving for your Emergency Fund TODAY! If you are part of 70% of Generation X that has less than $1000 in personal savings account, start saving today for your emergency fund, whether it is the starter $1000 emergency fund that Dave Ramsey promotes, or it is 3-6 months of expenses. Where We Stand.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Motherhood Moments

MARCH 4, 2023

Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful. Additionally, this fail-safe plan can prevent you from racking up expenses (and exorbitant fees!)

Debt 130

Debt Money Building Credit Cards 130

Prairie Eco-Thrifter

JANUARY 19, 2015

Earmark this money for an emergency fund, a new car fund, a vacation fund, whatever you would like. Then, you’re continually building a slush fund in your checking account. Put your emergency fund in an inconvenient bank. Consider these strategies: Save all of your change.

Money 100

Money 2015 Emergency Fund Bills 100

Family Balance Sheet

OCTOBER 18, 2019

1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. Start Additional Savings Accounts.

Debt 100

Debt 2019 Financial Goals Emergency Fund 100

Saving In Akron

MARCH 9, 2011

After being run ragged for 5 days running everyone around, I finally got my new car. Drive over to the Kia dealer – they tell me the car isn't ready yet. After eating, we go back to the dealer, the car still isn't ready. So thank you all for being patient with me while I got this car fiasco taken care of.

Emergency Fund 100

Emergency Fund Daughter Cars Car 100

Prairie Eco-Thrifter

JANUARY 30, 2013

It’s a good idea to not only have some of these supplies in the house, and readily available, but to also have them in the car. I have emergency supplies in the car, including blankets, food, flares, and First Aid. You can augment with other emergency sources as well. Ability to signal for help.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Prairie Eco-Thrifter

AUGUST 10, 2014

” The same is true of a car. Most of us can’t just pull out cash for a new car when the old one is totaled. If you borrow to buy your car, the lender might require you carry insurance so that the loan can be paid off if something happens to the vehicle. . “There really is no negotiating there.

Insurance 193

Insurance Life Insurance Health Insurance United States 193

Family Balance Sheet

OCTOBER 15, 2014

Every month, we set aside money in our budget to cover our basic car maintenance. If something substantial suddenly happens, we do have an emergency fund to cover it, but now I’ve been given a warning that our van will need some major service in about a year.

Finance 100

Finance Organic Organization Emergency Fund 100

Prairie Eco-Thrifter

MAY 21, 2013

If you don’t have an emergency fund in order to make at least the approximate payment of your anticipated mortgage and expenses, you are not ready to make the leap into home ownership. Although there has been a lot of positive news in the job market, it’s still not strong. Money Tips'

Home 186

Home Emergency Fund Buy Buying 186

Family Balance Sheet

MARCH 19, 2014

We didn’t have credit card debt, we paid off our car notes early, and the interest rate on the student loan was at a low 2.75%, so we thought we were doing okay. We thought credit card debt wasn’t very smart, but a car loan? Increase our emergency funds for the home & office to 3 – 6 months worth of expenses.

Debt 100

Debt Money Emergency Fund Goals 100

Prairie Eco-Thrifter

NOVEMBER 8, 2012

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. We want an emergency fund. My spending plan is fairly easy to stick to. First, it involves automation. We want to save enough for retirement.

Emergency Fund 202

Emergency Fund Budgeting Budget Psychology 202

Penny Pinchin' Mom

JANUARY 16, 2024

Things like your savings account, your retirement fund, your house, investments accounts, real estate…these are all assets. Things like your car, your rent, loan interest, and so on are your liabilities. Knowing this difference will show you where you stand financially.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) Then my husband decided to pay off his car. We also went through multiple job losses, surgeries, huge car repairs, etc. Building an emergency fund also helps enormously. The rest was our house.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Prairie Eco-Thrifter

JULY 4, 2011

Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. FMF from Free Money Finance shares his Simple Car Email. He used this email to save thousands of dollars on his last three car purchases. Squirrelers from Squirrelers presents The Case for a Bigger Emergency Fund.

Personal Finance 240

Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

MARCH 14, 2013

Now is the time to watch every penny that you spend, so that you can purchase more in the same budget or even better, put that money in emergency funds. We know that times are tough. I mean, really tough. How can you accomplish this, especially when the prices are rising? You just need to put them in practice.

Saving Money 222

Saving Money Money Bills Insurance 222

Finally Frugal

JANUARY 17, 2011

I'm pretty sure I've mentioned my 15 (almost 16) year old 'beater' car, which I'm trying to keep running until I'm debt-free. I was a few blocks from a dealership, and in my panic I drove in there and just left it in the service bay (but not before the salesmen tried to sell me a new car). And that's just to keep the car running!

Emergency Fund 45

Emergency Fund Debt Cars Car 45

Family Balance Sheet

JANUARY 3, 2012

On Christmas day, my husband and I spent 4 hours together traveling in a car to visit his family. Increase Family Emergency Fund to Six Months Salary. Start a Car Replacement Savings Account. Four hours of uninterrupted time is a luxury, so we took advantage of it. This might take us 2 years to achieve.

Financial Goals 127

Financial Goals Goals 2012 Emergency Fund 127

Prairie Eco-Thrifter

OCTOBER 21, 2012

” eemusings from NZ Muse presents Hybrid cars: a week in the fast lane. ” Jay from Daily Fuel Economy Tip shares How to Save on a New Car , and says, “Are you in the market for a new car? Specifically, how important emergency fund planning was for a couple with a veterinary emergency at their home.”

Personal Finance 219

Personal Finance Finance Debt Money 219

Prairie Eco-Thrifter

DECEMBER 6, 2012

Medical emergencies, car emergencies, or family situations may arise where you need to dip into your emergency fund. Saving money is essential. You never know when you are going to run into a “rainy day” where you will need that money. What methods have you developed for putting money away?

Bank 265

Bank Banking Money Saving 265

Saving With Shellie

MARCH 2, 2012

We have quite a few: Checking, Savings, Vacation Account, Business Account, Baby J’s savings account, New Car Fund, Emergency Fund. I love the fact that you can open as many accounts as you want. It’s free to open them and easy to manage. Happy Earning!

ING Direct 40

ING Direct Emergency Fund New Cars Vacation 40

Saving With Shellie

APRIL 18, 2012

We have quite a few: Checking, Savings, Vacation Account, Business Account, Baby J’s savings account, New Car Fund, Emergency Fund. I love the fact that you can open as many accounts as you want. It’s free to open them and easy to manage. Happy Earning!

ING Direct 49

ING Direct Emergency Fund Sonic New Cars 49

Saving With Shellie

MARCH 15, 2012

We have quite a few: Checking, Savings, Vacation Account, Business Account, Baby J’s savings account, New Car Fund, Emergency Fund. I love the fact that you can open as many accounts as you want. It’s free to open them and easy to manage. Happy Earning!

ING Direct 49

ING Direct Emergency Fund Sonic New Cars 49

Family Balance Sheet

FEBRUARY 2, 2017

Elle and her husband paid off a car loan and saved cash for their next car. 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. It was already a part of her budget, so she wasn’t missing the funds. (2)

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Saving With Shellie

JANUARY 5, 2011

We have quite a few: Checking, Savings, Vacation Account, Business Account, Baby J’s savings account, New Car Fund, Emergency Fund. I love the fact that you can open as many accounts as you want. It’s free to open them and easy to manage. Thanks “Cents&# able Momma !).

ING Direct 49

ING Direct Emergency Fund New Cars Vacation 49

Prairie Eco-Thrifter

SEPTEMBER 4, 2011

Then set aside money for your monthly bills such as electricity, water, internet, phone, house, car, etc; and other expenditures like personal items. Plan for Financial Emergencies. Establishing emergency funds aids you in building up savings for unexpected expenses. Keep enough money for your savings first.

Family 196

Family Financial Goals Debt Goals 196

Prairie Eco-Thrifter

NOVEMBER 12, 2011

Money Talks Coaching: Finding Your Emergency Fund – I hear you saying “I know emergency funds are important, but how am I supposed to save money when I can’t even pay my bills?” Today I’m going to talk about getting those emergency funds going. krantcents: How Will You Measure Your Life?

November 188

November 2011 Personal Finance Finance 188

Saving With Shellie

FEBRUARY 2, 2011

We have quite a few: Checking, Savings, Vacation Account, Business Account, Baby J’s savings account, New Car Fund, Emergency Fund. I love the fact that you can open as many accounts as you want. It’s free to open them and easy to manage. Happy Earning!

ING Direct 45

ING Direct Emergency Fund DVDs New Cars 45