The Transmission will Probably Fall Out Now

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.  

The Hardest Part

Financial

A quick update on our next personal finance goal - payoff all debts except the home mortgage.  Tom Petty sang, "The waiting is the hardest part."  Boy, that is true.  We are about a month away from being debt free.  As we get closer it seems the world has conspired against us to ensure that we don't complete this goal.  Car repairs, taxes, and dental bills have sprung up as we approach the finish line.  It is discouraging, but I remember that this is how it has been for four years.  Another thirty days won't be a big deal.  It is life as usual.  However, when life happens after we are debt free, it won't hurt as much.  I can see the finish line.