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!!!!Our income tax refund came. It actually came on the 25th, but since I have never had a refund come on any day but a Friday before, I didn't bother checking for it until today. So here is the new Emergency Fund Balance.
$12,075.00 Beginning EF Balance
+_2,000.00 From Income Tax Refund
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$14,075.00 New EF Balance
My goal for the year is to get the EF to $15,000. So now just $925 to go. $15K is both my main goal and my next mini-goal. $15K is the most minimal of expenses to survive for 3 months with no pay. It's not a comfortable 3 months, but between that and unemployment we could survive on it.
The goal after hitting $15K will be $21,000, which would be 3 months of very comfortable living or 4 months of tight living. But I imagine that will take another year and a half to two years of savings to get to. It'd be faster, but we have some college to cash flow.
And Now the EF is over $14K!!
February 27th, 2015 at 05:03 pm
February 27th, 2015 at 05:19 pm 1425057583
February 27th, 2015 at 09:07 pm 1425071245
February 27th, 2015 at 10:30 pm 1425076237
February 28th, 2015 at 12:09 am 1425082198
February 28th, 2015 at 03:36 pm 1425137805