Comments on: emergency fund saves the day (again)

By: Karen-stay at home mami

Karen-stay at home mami — Mon, 25 May 2009 22:58:37 +0000

Kelly,
We have had similar issues with our emergency fund. It is now down to less than $500 from over 3k just several months ago. It seems we have had lots of issues and since my husband is working only 32 hours-this has caused us to dip into our emergency fund monthly and use it for emergencies too. At least we still have some money left over-but we also have a baby on the way (in addition to 5 and 4 year old boys)! There is always something coming up here-but so far, we are hanging in there and that is always a GOOD thing with this economy!
I have just subscribed to your blog and I look forward to reading more about your money saving tips!

By: Roundup: Catch-up Edition Part 2 | Pregnancy Blog

Roundup: Catch-up Edition Part 2 | Pregnancy Blog — Mon, 25 May 2009 04:33:44 +0000

[...] Emergency fund saves the day (again) @ The ¢entsible life – I think a lot of people can relate to Kelly’s frustrations with building up an emergency fund only to have to drain it for, well, emergencies. That’s what it’s for, of course, but replenishing the fund means other goals have to be set aside for a while. [...]

By: Single Guy Money

Single Guy Money — Mon, 11 May 2009 19:41:24 +0000

WooHoo, let’s give it up for the Emergency Fund!! I love my emergency fund. It’s like my best friend because it has saved my butt so many times.

By: Carnival of Money Stories - Inaugural Edition

Carnival of Money Stories - Inaugural Edition — Mon, 11 May 2009 10:50:55 +0000

[...] Whalen presents emergency fund saves the day (again) posted at the ¢entsible life. Trivia Question #8: Which president has the distinction for both [...]

By: Business & Finance Blogs » Blog Archive » Friday Finance Findings for May 8th

Sat, 09 May 2009 01:57:52 +0000

[...] Emergency Fund Saves the Day (again) – Ever feel like you have an emergency fund and never have an emergency? Something can and will happen. Here, Centsible Life shares a recent experience where her emergency fund saved the day (again). [...]

By: Kelly

Kelly — Sat, 09 May 2009 01:33:54 +0000

Baker, it has happened to us once before as well! That’s why I’m contemplating a larger amount in savings. It never hurts to save more!

Kosmo, the photo is not of our car, ours shattered and broke apart. I think vandalism is a different story, but then I wonder if my deductible would be part of that as well? I think you’re right, the tech at the shop said it was just an older window and with temperature changes it sometimes happens.

Cathy, good to know how you used your emergency fund. We have SO many outside the budget things that I really ought to pad the budget by a few hundred dollars. Worst case scenario we’d end up with more saved!

Chris, thanks for stopping by! Glad to hear having an emergency fund is working so well for you, and great job staying debt-free!

By: Chris @ istherecessionoveryet?

Chris @ istherecessionoveryet? — Fri, 08 May 2009 15:56:02 +0000

I totally agree with the comment above! For so long I was living without an emergency fund. I was debt free too, but I was basically just spending the exact amount of money I received in paychecks every month.

Now that I’ve built one up it feels so much better! It just lets you breathe and not freak out when something comes up. And something always comes up!

By: Friday Finance Findings for May 8th : Generation X Finance

Friday Finance Findings for May 8th : Generation X Finance — Fri, 08 May 2009 14:41:16 +0000

By: Cathy

Cathy — Wed, 06 May 2009 17:52:46 +0000

I’m with you, Kelly. When I was in debt, I felt like I was drowning without an emergency cash fund. Once I built up a small fund that got larger over time, I could breath. When I was in debt, I also used my emergency fund as ‘anything outside the budget’. PF experts all have their opinions – I only know that it actually got me results.

Bumping up your security net a little is probably a good plan. I don’t see a downside to it. Like Dave Ramsey says, cash in the bank is Murphy repellent.

By: Kosmo @ The Casual Observer

Kosmo @ The Casual Observer — Wed, 06 May 2009 13:08:53 +0000

Wow. That windshield really was shattered!

When my windshield was cracked by vandalism back in ‘97, it WAS covered by insurance. I think it would have cost $500 to replace (for a college student!)

I’m guessing that this wasn’t covered by insurance because it falls under normal wear and tear – same as if you had a rust problem or a headlight that cracked? I can’t think of a different reason for an exclusion.