Category Archives: Emergency Fund
Real Life Example Of Why You Need An Emergency Fund
My wife is an educator. She recently gave birth to our third child, a baby girl. Mommy and baby are doing great. Our older kids are adjusting and they are having so much fun, learning to feed and hold the new baby. The timing of the birth worked out great. My wife will be home [...]
Building An Emergency Fund – Where Do I Keep It?
As I mentioned in my recent post about what to do after getting out of debt, I like the idea of having an emergency fund. After a series of super-secret mathematical calculations – I pulled a number from a hat – and decided that $16,000 would be a good amount to have in ours. Where [...]
Rebuilding My Non-Retirment Savings (January Update)
I have updated my No Credit Needed Network Chart so that it reflects my progress as I rebuild my non-retirement savings. I managed to add a little to my savings account, bring my total saved for 2007 to $2638. Contrary to popular financial advice, I actually ‘pay myself last’. I deposit our paychecks at the [...]
Rebuilding My Non-Retirement Savings (Formerly Known As The Emergency Fund)
Back in December, I set some goals for 2008. Since then, I went ahead and fully-funded my Roth IRA for 2008. That decision, coupled with our recent van purchase, has put a rather size able dent in our non-retirement savings. So, I’ve decided to focus on rebuilding our non-retirement savings. I have created a new [...]
