I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!I took the money from the coin jar and deposited it into the safety net portion of the EF that is kept at a local CU. It was $35.50.
$3426.11 Total Emergency Fund
+__35.50 Deposit to SN
--------------------
$3461.61 Total EF
The safety net is now at $708.53. I will stop building it at $1000, so I still need to come up with $291.47 to get that where I want it to be, but this is an open ended goal and I am happy with the slow build up using coin jar money or the occasional rebate check.
Really, I just want enough in the safety net to be able to survive a few days at a hotel if the house burned down or a tree fell on it, or something. Or if I had all four tires slashed or something. After a few days any transfer from the main account would arrive, so $1000 feels like a good number to have locally.
I need to still come up with $38.39 to meet my December/end of the year goal of getting the EF to $3500. I still have $67.35 in my unallocated funds portion of the Holding Tank so I may use that if I need to.
Emergency Fund Update and Musings
December 22nd, 2011 at 09:47 pm
December 23rd, 2011 at 02:39 am 1324607988
December 24th, 2011 at 03:57 pm 1324742243
December 26th, 2011 at 09:20 pm 1324934402