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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. How would you pay for an unexpected car repair? 3 Action Steps to Set Up Your Emergency Fund.

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Create your debt freedom plan

Family Balance Sheet

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Increase business emergency savings.

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful. Additionally, this fail-safe plan can prevent you from racking up expenses (and exorbitant fees!)

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2019 Debt Freedom Plan Update

Family Balance Sheet

1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. Start Additional Savings Accounts.

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How We Paid off Six Figures of Debt

Family Balance Sheet

I don’t make a lot of income on this blog, and it has definitely decreased recently as I’ve reduced my hours spent blogging. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. My husband has side income from swim coaching and private lessons.

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