Family Balance Sheet
JUNE 24, 2021
They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! Every month going forward, transfer this money into a separate savings account that is connected to your checking account. Do you have a fund like this to pay those bills? ” I get it.
Family Balance Sheet
MAY 6, 2020
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.
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Family Balance Sheet
APRIL 11, 2020
Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. Every night my first prayer is that this virus starts to mitigate, the curve flattens to a manageable level for our health care system, and lives are saved. I have written often about the importance of an emergency fund.
Family Balance Sheet
JUNE 22, 2020
As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. We applied some of this extra cash towards debt and the balance was saved for medical expenses. Health Sharing Ministry. We said NO a lot.
Family Balance Sheet
JUNE 8, 2018
– other necessities: insurance, medical expenses, tithe/giving, savings, loan payments (credit cards, student, personal), Non-necessities could be: – Clothing, smart phone plan, recreation, gifts, beauty/personal, entertainment, anything that you might spend money on, but it’s not necessary for your survival.
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