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Old 06-01-2006, 07:05 AM
cbmeeks cbmeeks is offline
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Default Re: Is $1000 enough for an emergency fund?

yes, it can be done. You just have to be organized.

I've mentioned this before and since it's June 1st, the numbers are in.

On May 1st, we had $32 in checking and $100 in savings. One month later, we have $700 in savings and $1600 in checking. Now, I received $800 extra this month for a computer job but that means we managed to NOT spend at least $800 extra. On top of that, I paid off $458 in debt that closed two accounts.

For the first time since we've been married, we actually came out ahead.

Even though I found out about a "secret" $500 CC I didn't know about, we are still trying.

I'm not giving up. I too enjoy watching savings go up as much as debt go down. And remember this people, the more you stick at it, the EASIER it becomes!!! How? Well think about it, in May, on top of watching my money, I managed to squeeze $458 to pay off two debts. In June, I won't have to squeeze that $458. If I choose to, I can squeeze it for another debt. So, as the debt falls, you have more money to put at it. It truely is a snowball effect that WORKS.
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