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How to Build your Emergency Fund

Family Balance Sheet

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Your future self will be grateful. .

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery. We spent that in one week last fall when our hot water heater suddenly broke and one of our vehicles needed four new tires to pass inspection.

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How to Build your Emergency Fund

Family Balance Sheet

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. A few years ago, our van needed four new tires to pass inspection. The total cost of the replacements was $1000. Have you had weeks like that? Where Should the Money Go?

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Create an Emergency Fund | 31 Days to Organize Your Finances

Family Balance Sheet

Several years ago, our other vehicle needed new tires to pass inspection and our hot water heater stopped working. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery. Oh, and it happened all in one week.