Home > Guess What? I Had An Emergency

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

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

  1. rob62521 Says:

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

  2. mumof2 Says:

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

  3. disneysteve Says:

    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:

    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:

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

  6. Lucky Robin Says:

    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:

    thats why Dave Ramsey says you need an EF

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