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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Our emergency fund has saved us countless times and it will save us once again with the truck. If you can’t answer with the word, CASH , then please, set yourself up for success and build your emergency fund. Follow these three action steps and the list of ideas below to find the cash for your fund.

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How We Frugal-ed in June 2023

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Since April, he made over $800 by selling 3 old bikes, unused furniture, a college fridge, a camping grill, a TV, and other misc stuff. We put the funds towards new furniture for our sunroom to replace a 15-year-old set that was outdated and very uncomfortable. For more info, read: How We’re Saving for College with Upromise.

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How our Debt Freedom Plan Prepared Us for the Pandemic

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And I was pregnant with our youngest daughter, so what should have been a joyous year was quite a stressful one. 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.

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Over 40 and Worried about Money? Start here!

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I’m busy raising my daughters with my 50-something husband, managing our small business, and writing my blog. They’re taking a gap year between high school and college. ” 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.

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My Life Plan

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At the time, I wasn’t sure how we were going to pay our monthly bills, so future plans like funding our retirement , our daughterscollege education, or a lavish vacation were not on my mind. Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds.

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2012 Financial Goals

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Increase Family Emergency Fund to Six Months Salary. Start College Savings Accounts for our Girls. Our oldest daughter is in Kindergarten and we have not started to save for her higher education. Currently, we have about 3 months salary saved, but we are self-employed and should have a six month security net.

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Our Big Financial Goal for 2016

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We have a retirement to plan , our daughterscollege to save for, and many places to visit. Fortunately we have an emergency fund and a personal escrow account for our yearly and quarterly expenses to keep us stable, but we do need to be diligent at staying within our budget. The Game Plan: 1.