Remove Emergency Fund Remove Property Taxes Remove Renovation Remove Vacation
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Yep, life was good.

Debt 130
article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

If they are, you can consider putting the extra funds into an emergency fund, pay off a credit card, or save for another financial goal. Personal Escrow – Use this spreadsheet to plan for your high yearly expenses, such as property taxes, association fees, home/auto insurance, etc.

Budgeting 133