Personal Finance
Such is life that there will always be unexpected expenses and emergencies that require cash. In the last year while trying to payoff our debt, I can't count the times that I had to debit our Emergency Fund. How fortunate we were to have it in place although it wasn't large enough to cover one month's expenses.
As of our last pay day, we met our goal of having three months expenses in an account. It is because of this, that if a problem should arise, we won't have to worry about making a rash decision or use debt. I have to admit, there is a great amount of peace of mine that comes with being debt free and having an emergency fund.
I can just imagine what is around the corner. Oh, that's right, it's covered.
Such is life that there will always be unexpected expenses and emergencies that require cash. In the last year while trying to payoff our debt, I can't count the times that I had to debit our Emergency Fund. How fortunate we were to have it in place although it wasn't large enough to cover one month's expenses.
As of our last pay day, we met our goal of having three months expenses in an account. It is because of this, that if a problem should arise, we won't have to worry about making a rash decision or use debt. I have to admit, there is a great amount of peace of mine that comes with being debt free and having an emergency fund.
I can just imagine what is around the corner. Oh, that's right, it's covered.
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