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Old 12-17-2006, 04:55 AM
doodles44 doodles44 is offline
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Default Re: Emergency Fund - do you have one?

I have an emergency fund for four months of expenses and a separate savings account (both at ING) for expenses that come up every six months or every year.

In 2007, I will build up my EF to 7-8 months of expenses. I am making debt payments (all low rates), so I am trying to split the difference by saving and making debt payments. The savings for expected purchases is a newer thing- I'll let you know how that goes.

In the last six months or so, I treated my savings like a bill and I swear, you can do it. Just gradually build it up until you say, "wow, I'm putting away that much each month? I don't even notice it!"
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