Prairie Eco-Thrifter
AUGUST 12, 2013
Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. I remember a few months ago when I hit my $10,000 emergency fund target. Once you’ve reached that goal and have a nice, healthy emergency fund in your bank, what do you do next?
Family Balance Sheet
APRIL 9, 2021
Dave Ramsey has a plan and it has worked for millions of people. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business. He calls it his 7 Baby Steps.
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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. So we got to work!
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.
Prairie Eco-Thrifter
JULY 10, 2014
My solution to this problem is to create a spending plan that actually works for me. I like travel, I feel it’s important to set money aside for retirement and my son’s college education, and I like charitable giving. Here’s how I do it: Identify Your Core Values and Stop Spending On Other Stuff. must be paid.
Prairie Eco-Thrifter
JULY 16, 2014
Despite having climbed their way up the corporate ladder and proving their value in millions of revenue and/or savings for the companies they worked for, the structure of each company was changing such that my parents were no longer necessary, regardless of their past performance. Assumption #5: You’ll never have a surprise.
Family Balance Sheet
APRIL 11, 2020
The PA governor has shut down all non-essential businesses indefinitely and we’ve now been ordered to stay at home unless traveling to essential jobs, needed supplies, or outdoor exercise as long as we practice social distancing. I have written often about the importance of an emergency fund. Are you working from home?
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