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How to Build your Emergency Fund

Family Balance Sheet

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. What helped us through that time was the money we had saved in our emergency account. Create a separate savings account and call it your Emergency Fund. It was a very scary time for us.

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Find out How Chris & His Wife Paid off $52,000 in 7 Months

Family Balance Sheet

Today’s Debt Free Story is a guest post from Chris Peach. We sat down at our kitchen table, took out a simple white piece of paper, and penned out a contract to ourselves: It was our Get Out Debt Contract. It wasn’t me telling her we are going to get out of debt, or her telling me it wasn’t in the budget.

Debt 100
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Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Save it and forget about it. Which comes first: saving for an emergency OR paying off debt?

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. For more on that, read Our Debt Freedom Plan.

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How to Build your Emergency Fund

Family Balance Sheet

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. Our saving grace was the money we had saved in our emergency account. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.

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Meet a Reader | M from the PNW

The Frugal Girl

I very much enjoy baking, and anytime there is an opportunity I’m trying something new in the kitchen. We did learn a lesson from that though: we prefer to save up and buy the car we need in cash. And neither of us is comfortable carrying debt beyond the mortgage. Over the years I’ve become a good home cook. Again… three things.