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.
Family Balance Sheet
MAY 6, 2020
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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Storm #2: 2013.
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Prairie Eco-Thrifter
JANUARY 10, 2013
Working to build your emergency fund? Read up on emergency fund basics at Money Smart Guides. If so, don’t miss YourFinancesSimplified’s guest post about whether or not student loan debt can hurt your credit score. Is Travelling Overrated? Finalizing your 2013 goals? As December.
Prairie Eco-Thrifter
JANUARY 30, 2013
I have emergency supplies in the car, including blankets, food, flares, and First Aid. Whenever I travel, I also take water (the result of an unfortunate stranded-in-the-desert incident during college). Some of the items that you should have available to you during an emergency include: Cash. Credit card with an adequate limit.
Family Balance Sheet
JUNE 30, 2015
Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Continue to live debt free with the ability to travel more, give more, pursue our passions. Travel the country with my husband in an RV. photo credit. Celebrate with a trip to Walt Disney World. Achievable?
Prairie Eco-Thrifter
MAY 25, 2014
Or put yet another trip to Las Vegas on the credit card. I opened a retirement account during that period, but it involved a managed fund with a 2% annual fee. My rewards credit cards were feeble, and I didn’t have a plan for using them. Why I Don’t Use Credit Card Rewards Programs. Money Tips'
Prairie Eco-Thrifter
FEBRUARY 4, 2014
My husband and I were graduate students with loans and credit card debt, and we were certain that a higher income would solve all of our problems. I like travel. This means that after we take care of retirement and emergency fund contributions, and after everything else is taken care of, we have enough to do what we like.
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