Sorry if this has been discussed before but I've been trying to get our finances in order (better late than never right?) and I know I need an emergency fund but right now we are barely making ends meet. I have a budget, but we squeak by every month. We now have $60 in savings that I've scraped together.
DH is a grad student and his future prospects are at about $40-50K, hopefully he'll be employed this coming fall. I am a SAHM. We have no payments beyond rent, electric, phone right now, although I do make very small interest payments on my deferred student loans ($5 every couple months). We REALLY need an emergency fund, start saving for retirement, would like to buy a house (someday??) and our car is 9 years old with almost 150K miles on it - and very testy. Where do I start? Should I just try to keep scraping a few dollars here and there together until DH starts working? Or should we take out one last student loan (unsubsidized $5K) to use as an EF? Or something else? I'm very concerned right now because the check engine light came on in our car today!
TIA!