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How to Build your Emergency Fund

Family Balance Sheet

MARCH 26, 2021

Your wants and dreams are secondary and should be saved separately. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

FEBRUARY 22, 2011

In 2007, we used about 6 months worth of living expenses and our savings came very close to drying up, so saving one year's worth of living expenses might be more wise for us. Take a deep breath, because with a well-funded emergency savings account, you're covered. What is considered an emergency? Thanks for reading.

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