Search Results for: blog emergency fund and non emergencies

Planning for Your Business in Case of Emergency–Part Two, Family Emergencies

Having written about how planning and preparedness can benefit the home business owner, I wanted to talk about other, more common, types of emergencies–illness, injury, family changes and other family emergencies. When you work from home and someone is sick or injured, or there is a death or terminal illness, these realities can have a direct impact on a home business. One of the great things about working from home and being your own boss, is the flexibility to care for family and friends (not to mention yourself) when the need arises. If someone gets sick or injured, or if … Continue reading →

Planning for Your Business in Case of Emergency–Part One, Natural Disasters

Unexpected things happen–fires, floods, tornadoes. Or a shift in your family or personal life can have a very direct effect on your home business. It helps if you have a contingency plan and are prepared in case an emergency presents itself. While this won’t always be possible or probable. Thinking through what you might do in case of an emergency can help you feel better prepared. One of the realities of running a home-based business is that if there is a house or home emergency, both your family life and your livelihood can be affected. Whereas, if you work outside … Continue reading →

Can You Afford to Save?

Financial experts, from Suze Orman to Maria Bartiromo often suggest putting away a set amount of cash each month to cover emergencies. The advice looks great on paper, but when you’re pinching pennies saving money can be next to impossible. After all, how can you save what you don’t have? According to experts, in cases where your budget is stretched to the limit, you should still put aside a few dollars per month. Even if you are only able to sock away $250 to $500 in a year’s time that money can help offset unexpected expenses, such as vehicle repairs … Continue reading →

Paramedics Provide Health Care to Uninsured in Colorado

Paramedics in Colorado are making house calls. This is a pilot program that is being funded for a limited time. The purpose of having the paramedics “do house calls” is to prevent people from having to call 911 for non-emergencies, and to provide health care for people who don’t have health insurance. Usually, if a paramedic has been dispatched to go to someone’s home, it is because the person is having a serious medical emergency, right at that very moment. Paramedics in Colorado, as well as a few other states, are participating in a unique pilot program. Some of the … Continue reading →

Creating a Cash Reserve

Everyone has heard the statement, be sure to save for emergencies. But how does this translate into real life and your budget? To protect yourself and your family from uncertain financial strife, it is important to create a cash reserve. Essentially this is a highly liquid cash account which you can easily draw from in an emergency. Types of situations where you may need this type of cash could be: • Car Accident • House Fire • Sudden Medical Illness • Theft • Death • Loss of Job • Injuries • Lawsuit Of course, none of these things sound pleasant, … Continue reading →

Money Month in Review April 2007

This month in Money there were several great blogs on a variety of topics. There were blogs on budgeting, allowance, debt and credit card scams. Here is a synopsis of everything covered. Michelle shared her accomplishment of being debt free in Debt Free, Debt Free, Debt Free at Last. If you are already debt free or close to there you can read Debt Free! Now What? to learn the next steps to help you on the path to financial freedom. You can read about what to do with the extra money that you have each month. Michelle also warned us … Continue reading →

Where to start on my debt reduction plan?

How do you set priorities when starting to budget or set up a savings account? Should you pay off debt first? Pay off your home mortgage? Save for emergencies? I think the answer is yes yes and yes, but actually, it depends upon who you ask. Some advisers tell you to pay off your largest debt first, or the debt with the highest interest rate first, and others tell you the opposite, leaving you more befuddled than ever. Perhaps you’ve also heard that you have to get an emergency fund going before you pay off any debt. Who should you … Continue reading →