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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 our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Life, as we knew it came to a halt for so many of us in mid-March, and life going forward will forever be known as pre-pandemic or post-pandemic. 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.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. How I’m managing our family budget during the Pandemic: We pay ourselves at the beginning of each month, so when this crisis started in mid-March, we were covered for the month. My second prayer is that my family gets through this crisis financially.

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

Family Balance Sheet

I had a client engagement in Las Vegas in March 2014. We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts. Thank you, Aja, for being so honest with your debt free story. However, it was crucial to agree on where that excess would go. It was an awesome celebration.

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Ryan is a high school math teacher and also officiates college basketball (November thru March). Our house was $150,000 (thank you Texas for affordable houses) and the thought of paying over half a million dollars for it (due to interest) made us sick to our stomach. Thank you, Olivia, for sharing your family’s story.

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