First Steps: Budget and Emergency Fund

Moneys Worth

First Steps: Budget and Emergency Fund

Last but not least, while you’ve wangled and worked through a lot of great money stuff, and now you know where you stand financially with all of this information, you are ready to make some really impactful financial decisions.

There are two more things we wanna discuss to get you on the right road to your financial future.

Emergency savings: So many people say they’re struggling to pay their bills and they can’t afford to pay for an emergency. Well, we’ve already started finding the money in this course,

Many experts will tell you that 3 to 6 months of your pay should be in your emergency fund. This is because you want a hearty amount to last you in the event you get sick and can’t work, you lose your job, or you find yourself in a pandemic. Depending on your position or if you are self-employed, you might want to save up to 12 months of income in your emergency fund.   Start with $ 1,000 and work through your finances to see how you can put away this amount of money. The goal here is just to get started.

small efforts. BIG RESULTS

Have a set amount of money automatically taken from your paycheck every pay period and put it into a savings account regularly.  Consistent sums can easily add up and provide you with a little nest egg in the event of an emergency.


Budgeting only means being conscious of the money you earn, spend, and save. You are 90% done with your budget because you’ve worked through all of these worksheets, so let’s review the work you’ve done already and make some decisions

1. Assess: when you look at your monthly income and expenses, do you need to earn more income, minimize expenses, both or neither

List what expenses you can minimize or remove all together

List some ways you can earn a few more dollars every week to help with expenses

2. Game plan: Tell your money where to go get budget is just a plan not a strict set of rules that makes you anxious about setting and sticking to a budget. It will take several tries to see what works best for you know that you can adjust as needed as long as it’s still support your long-term goals and vision.

Where We Are At Today

A Future Without Change

Dive Into Your Wrokbook

We’ve taken a look at the changes in women’s lives over
the years…

  • What surprised you about any of the changes for women that have happened in the PAST?
  • What surprised you about where women stand TODAY?
  • What surprised you about what it will take for women’s equity in the FUTURE?
  • How have YOU been financially impacted in your life?
  • What do you want to see changed to empower financial equity for women?

Did You Know

Early childhood experiences of money have lasting influence over our financial behaviors as adults. Research shows that we start to develop our attitudes, beliefs, and habits about money from the age of seven.