We do have an emergency savings account, which we add to every two weeks (on pay day). However, we are pulling from it constantly as we pay down our credit card debt (we aren't using our credit card at all, so it is indeed being paid down). The account isn't above $1,500 or so until the card is paid off, which should be by summer's end, at which point we hope to add to until we have six months of living expenses stashed away. ~Elizabeth
Yes - my husband and I have started banking my salary and we're living on his. It's only been a month so we'll see how long we can make it without dipping into savings!
i'd love to say i have an emergency fund, but i can't. in fact, this past friday my husband (and the sole wage earner) moved out so the whole money thing is crazy right now.
am going back to school next month and looking, looking, looking for a part time job... then again, who isn't these days?
I do have an emergency fund... some retirement money if I have to, and about $5000 in a savings account for overflow cash and/or education, loss of employment emergencies, etc.
I do. I always try to save as much as I can. I've fortunately never had to use much of my rainy day funds, but you never know what can happen. I always like to have enough for a "same-day" plane ticket in case I need to leave right away for a family emergency.
My husband and I keep at least $1,000 on hand at all times but we generally have closer to $3,000 between our "padding" in the checking account, and our little vacation fund.
I have one, though it's been hit pretty hard lately. We had a cross country move and a ton of home repairs which drained the bulk of our emergency savings. Though, I am very thankful that we had it (and am more motivated than ever to build it back up).
I wish I had a fully funded emergency fund, but it keeps getting depleted. At least it has been a buffer to keep me from using credit cards or other high interest debt.
i have an age old idea. how about just rent? you are immune from all natural disasters, all repairs, and you can move when you like. let all of this be the landlords problem. and folks, you never own anything in life. everything is rented because everything perishes with time, including yourselves. enjoy it while you can and stop getting into all these headaches with gibberish salesman talk and unnecessary complicated paperwork created simply to give someone a job.
Tweeted
http://twitter.com/#!/goonyburd/status/80695939102281728
"Liked" you FB page!
Yes. We have a 6-8 month emergency fund.
Can't afford to have one!
We do have an emergency savings account, which we add to every two weeks (on pay day). However, we are pulling from it constantly as we pay down our credit card debt (we aren't using our credit card at all, so it is indeed being paid down). The account isn't above $1,500 or so until the card is paid off, which should be by summer's end, at which point we hope to add to until we have six months of living expenses stashed away. ~Elizabeth
Thank you so much for all the valuable information!
Yes - my husband and I have started banking my salary and we're living on his. It's only been a month so we'll see how long we can make it without dipping into savings!
i'd love to say i have an emergency fund, but i can't. in fact, this past friday my husband (and the sole wage earner) moved out so the whole money thing is crazy right now.
am going back to school next month and looking, looking, looking for a part time job... then again, who isn't these days?
I have 3 months emerg. fund.Working on 6 months.
Forgot to mention that I also liked your post on Facebook!
I do have an emergency fund... some retirement money if I have to, and about $5000 in a savings account for overflow cash and/or education, loss of employment emergencies, etc.
I do. I always try to save as much as I can. I've fortunately never had to use much of my rainy day funds, but you never know what can happen. I always like to have enough for a "same-day" plane ticket in case I need to leave right away for a family emergency.
Also, just "liked" you on FB!
My husband and I keep at least $1,000 on hand at all times but we generally have closer to $3,000 between our "padding" in the checking account, and our little vacation fund.
I like you on FB.
We don't have an emergency fund yet but I've added it to our budget for next month at 10% of our income.
Absolutely - about 6 months.
Tweeted my answer too! http://twitter.com/#!/wenzday01/status/80664920827506688
I have one, though it's been hit pretty hard lately. We had a cross country move and a ton of home repairs which drained the bulk of our emergency savings. Though, I am very thankful that we had it (and am more motivated than ever to build it back up).
Right now, no.
I wish I had a fully funded emergency fund, but it keeps getting depleted. At least it has been a buffer to keep me from using credit cards or other high interest debt.
Yep..it's necessary nowadays.
I liked your post on Facebook.
i have an age old idea. how about just rent? you are immune from all natural disasters, all repairs, and you can move when you like. let all of this be the landlords problem. and folks, you never own anything in life. everything is rented because everything perishes with time, including yourselves. enjoy it while you can and stop getting into all these headaches with gibberish salesman talk and unnecessary complicated paperwork created simply to give someone a job.
Yes, we have an emergency fund, which is mostly comprised of money left over from our "wedding" and "furniture" funds.
Wise Bread FB Fan C.j. Jennings