article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Deadly Sins of Personal Finance

Prairie Eco-Thrifter

Lots of people will say that there’s no real formula for personal finance, because it’s personal. Everyone has different circumstances to take into account, whether it’s their family structure, personal situation, luck (or lack thereof), and their values. Wastefulness. Indebtedness.

article thumbnail

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.

article thumbnail

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?

article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

A few of my favorite personal finance books: The Total Money Makeover: A Proven Plan for Financial Fitness , by Dave Ramsey. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund.

article thumbnail

Is Travelling Overrated?

Prairie Eco-Thrifter

These days, if you spend any time on most personal finance blogs, one of the author’s main goals in life is spending less money on stuff and more money travelling. Okay, congratulations on that, but have you fully funded your emergency fund? Are you saving for your future goals? You Should Stay At Work.

Travel 226