article thumbnail

25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Consider setting the money aside in a savings account that isn’t immediately accessible and doesn’t have an ATM attached to it This will help to avoid any impulsive non-emergency spending.

article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

Open a savings account and put away 10 percent as a minimum. Monroe presents Evaluating Roth IRA Conversions posted at Do-It-Yourself Financial Planning , saying, ” This article could help you to make a more informed decision about your family’s Roth investment strategy. Over the years, the types of IRAs.

Money 133
article thumbnail

25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Being self-employed, we have a higher starter fund on hand and when we pay off our non-mortgage debt, we will save to at least 6 months expenses and maybe even more. Remember this account is specifically for your emergency fund. 10 – Do It Yourself. 2 – Decide where to put the money.