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How to Build your Emergency Fund

Family Balance Sheet

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. 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? Your future self will be grateful. . I’m going back to bed!

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How to Build your Emergency Fund

Family Balance Sheet

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. Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? If not for that fund, we would most likely have used credit cards to survive.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

By the end of the month, my goal is to help you have a detailed financial plan for your family. Several years ago, our other vehicle needed new tires to pass inspection and our hot water heater stopped working. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive.