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. Yep, life was good.
Prairie Eco-Thrifter
JUNE 30, 2014
My fiancé’s financial goal is to save up money for incidentals and emergencies (over and above our current fully-funded emergency funds), and then buy a really good truck and perhaps a boat with anything extra that hasn’t gone toward retirement or the emergency funds. Compromising is Key.
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Prairie Eco-Thrifter
MAY 21, 2013
There are numerous factors to consider when deciding whether to buy your first home or to continue renting – especially when you’re out of college. If you don’t have an emergency fund in order to make at least the approximate payment of your anticipated mortgage and expenses, you are not ready to make the leap into home ownership.
Family Balance Sheet
JULY 10, 2023
I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. We had two options: wait a day to leave Florida or rent a car once we got to Philly and drive to our parked car at the Harrisburg airport. In total, we have made $250 in interest since April.
Prairie Eco-Thrifter
MARCH 25, 2013
What happens if you are hit with an expense that you can’t afford, and your emergency fund just isn’t up to scratch yet? Unfortunately, these sources of quick cash are among the worst possible ways to fund your emergency. Your friends and family can be one source of funds if you need help.
Family Balance Sheet
OCTOBER 18, 2019
1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here.
Prairie Eco-Thrifter
NOVEMBER 4, 2013
Include all forms of income and divide expenditure into categories like rent/mortgage, entertainment, household expenses, insurances, transport etc. Another important aspect of your budget should be an emergency fund. Of course, as your circumstances change, you may need to increase the amount you have in your fund.
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