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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. That emergency fund saved our business, our sanity, and our marriage.

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Meet Doug & Laura. They Paid off $23,000 in 16 Months. | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. How much debt did you pay off? What kind of debt was it? The debt consisted of my student loans and a car loan. What inspired you to get debt free? When my wife and I got married, we both made the decision that our first financial priority would be becoming debt free.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

What got us through.our emergency fund. 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. How Much Do You Need in an Emergency Fund?

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Families are our rock, our support system, and our fans. Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? Some people find themselves buried under student loan debt with little chance of ever paying it off.

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Do You Have A Plan for Replacing Your Appliances?

Family Balance Sheet

I don't want to drain the emergency fund, which could easily happen when the AC needs replaced. We certainly don't want to go into debt either. 4 - Start a replacement fund. Just one more thing to save money for, but this will help you (and me) avoid going into debt when our appliances need replaced.

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2012 Financial Goals

Family Balance Sheet

Increase our Monthly Debt Payment. We have set a goal date of July 2015 to pay off all of our debt. Increase Family Emergency Fund to Six Months Salary. become a fan and 'like' FBS on Facebook. Our 2012 Financial Goals. Finish Will. No more excuses. Just get it done! This might take us 2 years to achieve.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

Today’s Debt Free Story is from Charissa. How much debt did you pay off? What kind of debt was it? We started paying it off when we got married and became debt free just shy of our second anniversary. What inspired you to become debt free? They didn’t like debt, and as I grew up, neither did I.

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