Remove Emergency Fund Remove Heaters Remove Personal Finance Remove Repairs
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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

The total cost for the new tires and the dryer repair was $900. Several years ago, our other vehicle needed new tires to pass inspection and our hot water heater stopped working. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. What is an Emergency Fund.