Comments on: Real Life Example Of Why You Need An Emergency Fund

By: Maria @ Financial-Tip

Maria @ Financial-Tip — Thu, 08 May 2008 18:56:03 +0000

@ plonkee — The UK system for maternity leave is waaaay different than in the US.

For those using or planning to use daycare, you might want to check out this site: http://www.daycaresdontcare.org/WorkersSay/DaycareWorkersSay_page_12.htm it really opened my eyes to daycare.

By: Funny about Money

Funny about Money — Mon, 05 May 2008 22:37:04 +0000

Awesome! Congratulations…on the new baby and on being financially prepared for the little person’s arrival. Enjoy: may all your parenthood be joyful.

By: NCN

NCN — Mon, 05 May 2008 15:09:23 +0000

@Jim, Yes, it does feel reassuring to have the emergency fund – and even better knowing that we can ’survive’ on just one income.

By: Jim ~ mydebtblog.com

Jim ~ mydebtblog.com — Mon, 05 May 2008 15:03:40 +0000

NCN I just made a post about the EF basics. It must feel very reassuring to have the 6 months of expenses sitting there while you go through reduced income. My wife and I don’t have any kids yet, but we will most definitely stockpile money to handle things that will happen during that time. The last thing I would want starting a family is going into debt to do it. Congrats on the baby too!

By: Mrs. Common Cents

Mrs. Common Cents — Sat, 03 May 2008 17:42:48 +0000

Congratulations on the new addition to your family! Plenty of people talk about the necessity of an emergency fund, but few actually provide testimonials of it’s application and importance. Thanks for this.

By: Jerry

Jerry — Fri, 02 May 2008 19:09:29 +0000

Congratulations on your new child! It’s great, emergency funds are intended to lead to peace of mind in exactly these kinds of situations. They offer you some insurance that you can get through the summer on less income, and not fret about it while you are enjoying the baby. What a terrific real world example…
Jerry

By: plonkee

plonkee — Fri, 02 May 2008 18:57:42 +0000

Wow, that’s interesting. Here in the UK we get statutory maternity leave is 26 weeks, the first 6 at a minimum of 90% of pay, and the next 20 at £100(ish) a week. You can take another 26 weeks unpaid. You’ll still need the emergency fund for the shortfall though.

By: Moneymonk

Moneymonk — Fri, 02 May 2008 17:05:33 +0000

You have more financial education now, than you had with the first child. It’s better when you learn these things when you’re still young! good for u

By: "Mo" Money

"Mo" Money — Thu, 01 May 2008 23:27:19 +0000

Good post. A very good example of use for an emergency fund. It points out that many financial problems can be averted with a simple emergency fund.

By: Rick

Rick — Thu, 01 May 2008 16:41:44 +0000

I’m starting on my emergency fund this paycheck! I can credit (at least some) of the inspiration to NCN, as well as your fellow bloggers. Good luck with the baby!