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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Families are our rock, our support system, and our fans. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

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. Which comes first: saving for an emergency OR paying off debt? It is for emergencies.