Family Balance Sheet

MARCH 26, 2021

Do you have enough cash to cover them or would you have to rely on high-interest credit cards or a loan from your family? According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. What helped us through that time was the money we had saved in our emergency account.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Family Balance Sheet

JUNE 4, 2015

However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.

Goals 100

Goals Debt Renovation Daughter 100

Family Balance Sheet

FEBRUARY 22, 2011

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Save it and forget about it. Which comes first: saving for an emergency OR paying off debt? Once that debt is paid off then start building up you emergency fund to your desired number.

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Prairie Eco-Thrifter

MAY 30, 2011

Oh yeah, and I am a huge Neil Diamond fan (just had to throw that out there)! While this philosophy may not be the best boost for my social life, it is a great boost for my savings account! I don’t allow myself to have credit card debt, so I have to have the cash to back up all my purchases. Think again!

Frugal 157

Frugal Hobby Green And Frugal Home and Garden 157