Saturday | February 5, 2022

Stewardship Well Done Journey


Roadblock #2 – What is an “emergency”?

A friend calls and says her grandparents are offering their Florida condo to her for a week for free! All you need to do is purchase a plane ticket to get there. You find one for a decent price, but you know your cash flow cannot handle the expense. Your budget is tight and there is very little wiggle room as you strive to meet your obligations and pay down debt. But then you remember there is $1700 in your “emergency” fund …

Three words … DON’T DO IT.

When you first begin to set aside money for an emergency fund, it is important to establish what constitutes an “emergency”. Generally accepted uses include expenses that are unplanned, unexpected or unforeseen such as car repairs, home repairs, medical expenses, or loss of income. It is helpful to make a list of what you consider to be “acceptable uses”. If you are single, share this list with a friend for accountability. If you are married, come to an agreement with your spouse. Whenever you consider withdrawing money from your emergency fund, especially for a situation that isn’t on your list, consult your friend or your spouse. We also suggest keeping your emergency fund in a separate account.

There will always be temptations … a trip, a concert, a sporting event, an extravagant gift for a loved one, a larger TV, a newer cell phone … and the list goes on and on. Deciding ahead of time what qualifies as an “emergency” can keep you on track and help you avoid making an emotional decision in the heat of the moment. Trust us … you will be thankful when a true “emergency” arises.



Recognizing Signs of a Mini-Stroke and How to Act
How can a person know if they have had a minor stroke? My 72-year-old parent had a situation a few weeks ago where they suddenly felt dizzy and had trouble walking and speaking. However, the symptoms have now subsided and they appear to have returned to…
Read More »


‘Wait A While’ Trust
Bill and Clara were talking to their attorney Susan about their family.
Read More »


Top Tips To Avoid Identity Theft
In IR-2022-25 the Internal Revenue Service explained the latest strategies that fraudsters use to steal identities. With the tax filing season in full swing, taxpayers need to be on guard for strategies that may involve a text message, email, phone call or…
Read More »


Flexible Deferred Gift Annuity
Lewis is a 54-year-old executive at a large healthcare company. He purchased company stock during years when the stock price was low, and now the stock has grown substantially.
Read More »

Content from Crescendo Interactive. 


We believe that with effective counsel and financial management, each person can multiply the impact of the resources entrusted to their care. 


Monday: 8:00am – 5:00pm
Tuesday: 8:00am – 5:00pm
Wednesday: 8:00am – 5:00pm
Thursday: 8:00am – 5:00pm
Friday: 8:00am – 4:00pm
Saturday: Closed
Sunday: Closed

FMF Financial Services

8050 Spring Arbor Rd
PO Box 580
Spring Arbor, MI 49283
(517) 750-2727: phone
(517) 750-2752: fax