Posted on
December 13, 2007
at
2:09 pm
Do you keep an emergency fund to cover you for a few months in case you get laid off or ill? We do have a fund, but it took some time to build it. If you haven't done so already, I'd suggest adding this to your budget so you can make regular deposits into this fund, along with your regular savings. It's great peace of mind to know that you'll be okay for awhile if life takes a bad turn.
Posted on
December 13, 2007
at
8:58 pm
I finally do. For most of my life I did not though. I did try to keep a couple hundred extra dollars in the checking account in order to avoid acccidental overdraft fees, but that's hardly an emergency fund and at least once a year even that got depleated.
Posted on
July 27, 2008
at
12:56 pm
An emergency fund is always a good idea. That's what our savings account is for sometimes since we don't have the cash to make an entirely separate account. It does take time to build it up . There's not enough for a few months rent though if we get into trouble. As far as I know neither one of us is in danger of losing a job but that's happened before, but things look pretty good right now.
Posted on
August 11, 2008
at
9:15 am
I've come to the conclusion that having an emergency fund is an excellent idea. It does take time to build up especially when money is tight. I've recently started an online savings account to be my emergency fund.
Posted on
August 17, 2008
at
5:53 pm
Here is a suggestion for an emergency fund. Find a money market account that pays interest on a daily basis. This way you will enjoy the process called compound interest. The money will grow at a faster rate than an annual or semi-annual or quarterly paid account plus it will be available for immediate redemption should you need it. Again, only a suggestion.
Posted on
September 19, 2008
at
11:48 am
I think it's important to have at least a years worth of bills in this fund. I have it- almost 2 years. With the economy the way it is- you never know from 1 day to the next how stable your job is. An emergency fund is a great way to help if something should happen.
Posted on
September 20, 2008
at
7:33 am
Make it reality. Start off small and add to it every chance you can. It all adds up.
Posted on
September 30, 2008
at
4:13 am
It is really important to have an emergency fund, because we never know what will happen to us tomorrow.So it is nice to be on the safer side.
Posted on
March 22, 2009
at
2:03 pm
I have savings, and I will always keep atleast a few hundred pounds in there so yes, I suppose I do.
Posted on
March 22, 2009
at
3:15 pm
Yes it is a good idea nowadays to keep money in the bank for the unexpected. I have a few thousand incase I get laid off, but this is not likely. But you never know what may be around the corner. I feel when you have a mortgage you have to be responsible
