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Do you have an emergency fund?

Posted by on Aug. 8, 2012 at 9:07 AM
  • 19 Replies
Does your family have an emergency fund?
Posted on CafeMom Mobile
Posted by on Aug. 8, 2012 at 9:07 AM
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momof2cuteboys
by Member on Aug. 8, 2012 at 12:45 PM

We did and then we had two major accidents this spring and summer plus some unexpected medical bills.  Rebuilding the fund. Blah!


suziejax
by Suzie on Aug. 8, 2012 at 12:46 PM
1 mom liked this

Yes ! So glad we do!

othermom
by Bronze Member on Aug. 8, 2012 at 12:51 PM
1 mom liked this

A small one

Mrs.Miller11
by on Aug. 8, 2012 at 12:52 PM
1 mom liked this

Yes, we live frugally so that we can put a considerable amount in to savings.

sweetbamabrown
by New Member on Aug. 8, 2012 at 4:23 PM

That is me right now. I want to have one ASAP!

Quoting sweetmissy_05:

No we live paycheck to paycheck....eventually I am hoping we can have one.


FindersKeepers
by Bronze Member on Aug. 8, 2012 at 5:42 PM
1 mom liked this

We are managing, but this ecomony has hit us with one challenge after another.   I realy wish we had saved more when things were more stable / predictable.    We have managed to save 3 mortgage payments + $1000.    We are following Dave Ramsey's advice except we are saving and paying down debt at the same time since our employment status has been unpredictable, I would rather have cash saved than paid off credit cards.  

When we finally get through all of this.... I will want to save 2 years worth since it has been so stressful. 

Thelmama
by on Aug. 11, 2012 at 5:12 PM
1 mom liked this

We did, but had an emergency and had to use it.  We are working on building it back now.

Lynette
by on Aug. 11, 2012 at 6:28 PM
1 mom liked this

We just started the Dave Ramsey thing.  So we now have a 1,000 set aside for an emergency fund.  Our next step is going to be paying off all our debt except the house. At that point we will start our 6mo emergency fund.

momto3isme
by Dawn on Aug. 13, 2012 at 4:21 AM
We are going to start rebuilding ours.
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