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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.

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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.

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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.

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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?

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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

An emergency fund is vital regardless of the larger economic climate. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare for the unexpected. Prepare your resume.

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The Danger In Assuming

Prairie Eco-Thrifter

Let’s just flash back to six years ago to the burst of the housing bubble, massive unemployment, and the tumble of the stock market to crush this assumption. When it comes to emergencies, it’s not so much a question of if, but rather, when. Emergency or otherwise, unexpected expenses arise all the time.

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Money Anxiety. Let It Go.

Prairie Eco-Thrifter

As an actress, I often face periods of unwanted unemployment. Rather than letting myself become overwhelmed by money anxiety every time a show closes, I live my life in a way that allows me to be prepared for unemployment and inconsistent income at any time. It hasn’t always been that simple though.

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