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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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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

The post 10 Must-Know Personal Finance Tips for Moms’ Financial Success appeared first on Penny Pinchin' Mom. Personal finance tips are much like opinions; everybody’s got one. Here are some personal finance tips that should help get you out of that murk.

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How to Build your Emergency Fund

Family Balance Sheet

You see, we learned a valuable lesson many years prior about the importance of an emergency fund. We reduced our spending where we could that year, but the money to pay any shortfall each month came from our 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

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. That fund was a life saver, a sanity saver and a marriage saver. What is an Emergency Fund.

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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. It is not a spending account.

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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

A financial advisor told me recently that the thing that really made him upset was that nearly every new client he spoke to was making the same disastrous personal finance mistakes. So let’s look at the most common personal finance mistakes and what you can do to prevent or fix them. Lack of An Emergency Fund .

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free. This means you earn more than if you were to source for funds from a third party.