Family Balance Sheet
APRIL 9, 2021
We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Increase business emergency savings.
Prairie Eco-Thrifter
MAY 21, 2013
There are numerous factors to consider when deciding whether to buy your first home or to continue renting – especially when you’re out of college. 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.
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Family Balance Sheet
JUNE 30, 2015
At the time, I wasn’t sure how we were going to pay our monthly bills, so future plans like funding our retirement , our daughters’ college education, or a lavish vacation were not on my mind. Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds.
Family Balance Sheet
APRIL 11, 2020
I have written often about the importance of an emergency fund. We need to revisit that plan and make adjustments based on what we’re dealing with now. We have an emergency fund, but after this crisis, we will likely need to replenish it and increase the amount that we keep. Cash is King.
Prairie Eco-Thrifter
JANUARY 30, 2013
Physical Emergency Preparedness. Getting ready for an emergency on the physical level is a good first start. It’s a good idea to gather your emergency supplies so that you are physically able to deal with an emergency when it strikes. You can augment with other emergency sources as well.
Family Balance Sheet
MARCH 19, 2014
Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. The purpose is to cover any sudden expenses so that we don’t go into more debt when dealing with them. | DONE. Start college funds for our two girls.
Prairie Eco-Thrifter
NOVEMBER 12, 2011
The College Investor: Top Five College Myths – Dispelled! – A look at some of the biggest myths about college, and why they are not true! 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?”
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