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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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How to Build your Emergency Fund

Family Balance Sheet

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. You see, we learned a valuable lesson many years prior about the importance of an emergency fund. That emergency fund saved our business, our sanity, and our marriage.

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

Several years ago, our other vehicle needed new tires to pass inspection and our hot water heater stopped working. Both instances could have brought us down and we could have reached for a credit card, but thankfully, my husband and I are pretty adamant about having an emergency fund and I want you to become adamant about having one too.

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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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Intentional Spending – Being Ready For An Emergency

For the Mommas

As a part of my Back to Basics series , I am writing a post on how to start an emergency fund. Amy’s emergency fund saved her — when her heater went out on New Years Eve. Without an emergency fund, this could have been an major financial blow. Don't miss the newest deals.

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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. A warranty saved us a lot of money when our fairly new hot water heater unexpectedly broke last fall. We certainly don't want to go into debt either. My main concern is that AC unit. When and where did you purchase the appliances?