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Topic: 6 month emergency fund  (Read 6569 times)

camellia0

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6 month emergency fund
« on: October 22, 2013, 11:42:04 am »
How many of you have this. I've been trying hard to build it up but emergencies always rise.

akee318

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Re: 6 month emergency fund
« Reply #1 on: October 22, 2013, 01:37:17 pm »
How many of you have this. I've been trying hard to build it up but emergencies always rise.
Basically you have to have a DO NOT TOUCH FUND!
Everything is not an emergency.
Put the money away and forget you ever had it.
Even if it is 10 a week, that will eventually add up over time.

Sendmicheck

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Re: 6 month emergency fund
« Reply #2 on: October 22, 2013, 01:41:55 pm »
It is always good to keep emergency fund available.  Sometimes, I don't remember about it.

monnee

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Re: 6 month emergency fund
« Reply #3 on: October 22, 2013, 02:54:46 pm »
It's good to have an emergency fund since you never know what might happen in your life.

aggie49

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Re: 6 month emergency fund
« Reply #4 on: October 22, 2013, 03:15:34 pm »
i wish we could put money away we are lucky to get our bills paid each month i am unemployed and my man works part time and we both are constantly looking for work that's why i do the fusion cash and other ptc sites

ladavia89

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Re: 6 month emergency fund
« Reply #5 on: October 22, 2013, 03:36:56 pm »
How many of you have this. I've been trying hard to build it up but emergencies always rise.
Basically you have to have a DO NOT TOUCH FUND!
Everything is not an emergency.
Put the money away and forget you ever had it.
Even if it is 10 a week, that will eventually add up over time.

That only works if you actually have enough money to pay for unexpected things without touching the emergency fund. I'm personally not going to go into debt or go without something I need when I do have money in an emergency fund.

hawkeye3210

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Re: 6 month emergency fund
« Reply #6 on: October 22, 2013, 04:29:37 pm »
It helps to prepare a budget. Most expenses shouldn't be unexpected if you plan ahead.

nascar048

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Re: 6 month emergency fund
« Reply #7 on: October 22, 2013, 06:01:20 pm »
thats where all the fusioncash money goes to directly to savings, earning more pennines  :thumbsup: ;D
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pkrahmer

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Re: 6 month emergency fund
« Reply #8 on: October 22, 2013, 06:40:39 pm »
My rule of thumb has been 8 to 10 months but the most important thing is that you have and continue to build it.
This is where FC trally cpomes in handy! :wave: :peace:
Be grateful for what you have and you will receive more than you ever expected

If you believe it you can achieve it.

Small Consistent Steps Lead to Great Rewards


ktheodos

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Re: 6 month emergency fund
« Reply #9 on: October 23, 2013, 04:28:29 am »
Yes! I have one and I'm glad I do!

mawhite63

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Re: 6 month emergency fund
« Reply #10 on: October 23, 2013, 04:37:28 am »
We used to have a year saved up... but then when the economy tanked and we both lost our jobs at the same time, I guess you could call that an emergency!

I was grateful that we had it, but I miss having that security and cushion.

rghvac69

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Re: 6 month emergency fund
« Reply #11 on: October 23, 2013, 04:52:49 am »
I think it's a great idea to have an emergency fund. I don't want to have to depend on others or the government to help me during a crisis.

squirrelgirl44

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Re: 6 month emergency fund
« Reply #12 on: October 23, 2013, 07:23:36 am »
I don't have anywhere close to this, nor have I ever. I used to have about 2 months saved, but then I lost my job and when I finally got another one last year I was already behind on bills and am making a lot less money. Seems I am always playing catch up and never have the free money to save.

jwallbank

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Re: 6 month emergency fund
« Reply #13 on: October 23, 2013, 07:46:30 am »
I tell my Kids the same thing! If you can just put $5 away a week, that still builds up!! I have about a 5 month emergency fund!! I am currently retired, so I don't think I need to keep building, just enough to tide me over!!

leafsfan27

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Re: 6 month emergency fund
« Reply #14 on: October 23, 2013, 07:53:32 am »
How many of you have this. I've been trying hard to build it up but emergencies always rise.

It's definitely important to have, helps to keep you sane! hahaha and it reduces your worrying about what to do in those situations when you may need one!

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