article thumbnail

Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

Welcome to 31 Days to Organize Your Finances. 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. What is an Emergency Fund. Six months?

article thumbnail

How We Frugal-ed in June 2023

Family Balance Sheet

2 – We opened up high-interest savings accounts and earned $250 in interest. We are in what I call our “shovel season of life” Our oldest daughter leaves for college in the fall of 2024 and we have a big savings goal to hit before then. In total, we have made $250 in interest since April.

Frugal 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

article thumbnail

Are You Prepared For An Emergency?

Prairie Eco-Thrifter

If your emergency is strictly financial (and even if it has a physical component to it), you should be ready with a liquid emergency fund. You can augment with other emergency sources as well. I have some money in a savings account that is easy to get to, in case I need it immediately.

article thumbnail

2012 Financial Goals

Family Balance Sheet

Increase Family Emergency Fund to Six Months Salary. Currently, we have about 3 months salary saved, but we are self-employed and should have a six month security net. Start a Car Replacement Savings Account. Start College Savings Accounts for our Girls. This might take us 2 years to achieve.

article thumbnail

10 Savvy Ways to Save in 2014

Saving Cents With Sense

Pay yourself first with a savings account. It is simple to open a savings account if you haven’t already. Having money automatically go into your account will help you stick to your resolution and save for your future, such as an emergency fund, a child’s college education, or retirement.

2014 88
article thumbnail

10 Savvy Ways to Save in the New Year

Saving Cents With Sense

Pay yourself first with a savings account. It is simple to open a savings account if you haven’t already. Having money automatically go into your account will help you stick to your resolution and save for your future, such as an emergency fund, a child’s college education, or retirement.