Prairie Eco-Thrifter
MAY 22, 2011
It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. Some families find it feasible to make drastic cuts to non essential expenditures such as entertainment, dining out, and vacationing. Use a savings account to pay down debts.
Family Balance Sheet
MARCH 26, 2021
An emergency fund is NOT a spending account. Please don’t confuse this money with vacation money or new furniture money. 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.
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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. Your wants and dreams are secondary and need to be saved for separately. Don't confuse this money with vacation money or new furniture money.
Family Balance Sheet
FEBRUARY 11, 2016
An emergency fund is NOT a spending account. Please don’t confuse this money with vacation money or new furniture money. Your wants and dreams are secondary and should be saved for separately. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.
Family Balance Sheet
OCTOBER 13, 2014
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. Don’t confuse this money with vacation money or new furniture money. An emergency fund is not a spending account. What is an Emergency Fund. Absolutely!
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