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Guess What? I Had An Emergency

December 22nd, 2019 at 08:49 pm

Thank goodness I did not use the emergency fund, my car broke down today. Cost $779.00. This will clean out my new car/maintenance fund.

Though I have a car fund, for maintenance/new car, I also have an EF. It felt good to have the money to pay cash to get my car fixed, and not touch my EF. I’m not happy about the cost but I’m thankful I’ve been saving.

This just reminded me you have to have a cushion

Posted in Emergency Fund | 7 Comments »

7 Responses to “Guess What? I Had An Emergency ”

  1. rob62521 Says:
    December 22nd, 2019 at 11:25 pm 1577057100
    1577057100

    Sorry about the emergency -- car issue. Glad you had the money to cover it though.

  2. mumof2 Says:
    December 22nd, 2019 at 11:32 pm 1577057526
    1577057526

    always important to have a buffer there...we are working on that again as ours got used as well...so glad yu had it there to use..always good when you can pay and walk away rather than stressing

  3. disneysteve Says:
    December 23rd, 2019 at 01:18 am 1577063901
    1577063901

    Sorry about the car, but I'm sure it was far less stressful knowing you had the savings to pay for the repairs.

  4. creditcardfree Says:
    December 23rd, 2019 at 02:45 pm 1577112353
    1577112353

    Car repairs are bound to happen to any of us, and many cannot be planned. I'm so glad you have kept cash on hand for these repairs and I hope it reinforces that dipping into your EF to pay off your credit card would be unwise.

  5. CB in the City Says:
    December 23rd, 2019 at 05:09 pm 1577120967
    1577120967

    Always! Nothing is more important than a cushion! I have to work on mine.

  6. Lucky Robin Says:
    December 23rd, 2019 at 11:44 pm 1577144650
    1577144650

    Well, that definitely reinforced the lesson that you must have funds on hand for emergencies. I hope that will be it on the car for awhile, though. You need a chance to catch your breath again.

  7. LivingAlmostLarge Says:
    December 24th, 2019 at 04:21 am 1577161305
    1577161305

    thats why Dave Ramsey says you need an EF

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