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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Our emergency fund has saved us countless times and it will save us once again with the truck. And while I don’t like parting with our money, I am grateful that this repair won’t send us into financial distress. 3 Action Steps to Set Up your Emergency Fund. It is NOT a spending account.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

It was a scary time for us. And I was pregnant with our youngest daughter, so what should have been a joyous year was quite a stressful one. What got us through financially? Our emergency fund. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund.

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How We Frugal-ed in June 2023

Family Balance Sheet

We put the funds towards new furniture for our sunroom to replace a 15-year-old set that was outdated and very uncomfortable. When my husband hung a smart TV in the sunroom back in April, we started spending more time in the room–even our teenage daughters started hanging out with us. The money hit our account in April.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

I’m busy raising my daughters with my 50-something husband, managing our small business, and writing my blog. It’s taking forever for us to accomplish the step we’re on (paying off our non-mortgage debt), but we keep plugging away. Use my Family Balance Sheet excel spreadsheet to help you organize your finances.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office.

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So here’s what I got.

Saving In Akron

Drive him, then get back to get my daughter ready for school. Had to work today so I worked at my real job until 4 when my daughter gets home. As soon as my daughter gets home, leave to pick up my stepson at the bus stop. Get home, and get my daughter ready for bed. That's a great start on an emergency fund.

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My Life Plan

Family Balance Sheet

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. photo credit.