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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. If you can’t answer with the word, CASH , then please, set yourself up for success and build an emergency fund. Follow these three action steps and the list of ideas below to find the cash for your fund.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Our emergency fund. I am totally paraphrasing the year, but 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. So we got to work!

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Our 2018 Financial Goals

Family Balance Sheet

2 Additional Goals: If we save the $10k early, we’d like to work on the following 2 goals. We work hard and really relish our time away and most of the trips we have planned for 2018 will involve our pop-camper. We will need to cut back on dining out, but it is unrealistic for me to say we won’t eat at restaurants this year.

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How We Paid off Six Figures of Debt

Family Balance Sheet

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

At the time we were renting an office space in a strip mall, but when we discovered a foreclosure in our town that seemed like a great idea on paper, we jumped at the chance. We dramatically reduced our spending by cutting our cable TV and landline , shopping thrifty, eating out less often , and lowering our grocery bill.

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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

I own a software consultancy that I run from home and my husband is a letter carrier with the post office. We realized that debt payments were eating into our income and potential to build wealth. It would be hard to have the laid back life we envisioned with both of us working frantically just to pay bills (mostly made of debt.)

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