Ahh…The Emergency Fund. So glad we have one. My…

POSTED April 14, 2005 under Emergency Fund

Ahh…The Emergency Fund. So glad we have one. My little boy got sick this week, very, very sick, and was in the hospital for about 5 days. He is home now, and is doing much better. However, while staying with him in the hospital, my wife missed an entire week of work. I was at home with our daughter. Thank God for the Emergency Fund. Without it, we would have had to worry about our finances this month. With it, we can concentrate on our son’s health. This little blip might slow our debt payment for a month or so, but that will be fine. It is far better to have an emergency fund, and spend a little time rebuilding it, than it is to go further into debt each time some extra expense hits us. If you don’t have an emergency fund, even a small one of 1000 dollars, then GET ONE TODAY. Sell something, eBay something, get a second job, do something to give yourself a much needed financial “cushion.” Trust me, when you or your child gets sick, the LAST thing you want to worry about is whether you will be able to pay your bills. GO, GO, GO! Build up that emergency fund, NOW!

3 Comments so far
  1. [...] My First Post My First Debt Summary My First Set of Goals My First Set-Back [...]

  2. [...] Just a few comments. I built up my emergency fund BEFORE I started to get out of debt. Twice, I had to use the money in my emergency fund and, both times, I rebuilt my emergency BEFORE I resumed debt repayment. Before getting out of [...]

  3. [...] on a strict budget. Very quickly, I was able to put $1000 into my savings account. (Click here and here to read about times when I had to dip into my emergency [...]

Leave a Comment

If you would like to make a comment, please fill out the form below.

Name (required)

Email (required)

Website

Comments

To be notified by email when this site updates, simply enter your email address here:

Or, subscribe via rss using the feed.

Please click below to view the...
No Credit Needed Debt Reduction Guide.
NCN Debt Reduction Free eBook.
List of products and services I recommend.
List of topics about which I have written.
List of my favorite websites.
List of all articles in chronological order.

Copyright ©2005-2008 by Up In Three, LLC and No Credit Needed. All rights reserved. | Powered by WordPress | Using the GreenTech Theme | Privacy Policy | Disclaimer | About

website metrics