Tuesday, January 25, 2011

Do You Have an Emergency Fund?

We all have those days...or weeks...or months, where it seems like one thing after another happens.  This was one of those months for us!!

It started off with our dog being taken to the emergency vet one Sunday evening, and then again to our regular vet the next day.  Thankfully she ended up being OK.

Then the engine light came on in my car so we took it to our mechanic to see what was wrong.  Thankfully nothing was.

Yesterday our air conditioning unit started making noise and was giving off a strange odor.  We have a guy coming out today to take a look (at least I hope he is coming today).  Praying it will be something small.

Tomorrow is our annual termite bond inspection.

Oh yeah, and when we purchased that electric piano for our daughter back at the beginning of the month, none of this had happened yet.  ;o)

And although each of these are minor in relation to other things, we can't wait for February to come!! 

So the point to my rambling about our crazy month is that it is a good idea to be prepared for times like these.  If you are not already setting aside money each paycheck for emergencies, you should.  If it would make it easier, you can set up a separate account at your bank.  You never know what is around the corner, so be prepared, and thankfully we were.

"Do not worry about anything, but in everything, by prayer let your requests be made known to God."  Philippians 4:6.



Amen! An emergency fund is essential to peace of mind at our house. It seems that when one thing happens there is always more to come right on its' heels.

Praying things stop happening and you get to build that emergency fund back up again soon!

Our Homeschool Reviews

Thanks! The repair guy came and luckily it wasn't bad. He had the part and it was fixed in minutes.


We do have an emergency fund but have just started it so I hope it will be awhile before we need it.

I'm thankful that you were able to cover all of those extra expenses!


We have an emergency fund too, for which I'm very thankful. While there are times when I wish that we had more spending money month to month, I'm glad to be like the ant and store up for the day of need.

Musings By Michele

What a great thought provoking post. Glad to be blessed with a small reserve fund, just in case we have a bad anything.

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Our emergency fund is one of our best financial decisions and relievers of financial stress. The absolute best? A "Freedom Account." This is a separate checking account we keep for those predictable, but non-monthly expenses (so they don't become emergencies), like car maintenance, property taxes, insurance deductibles, house maintenance, etc. It's much easier to set aside the money every month than it is to scrape it together when faced with the actual bill. ;0)


Gosh, it's so hard to put up your own emergency fund, right? You have to have the right amount of discipline to be consistent with your contributions, and your reasons for building the fund should be enough to keep you motivated. Is it advisable to start small when putting up an emergency fund? And by small, I mean saving up your loose change and stuff like that. Well, that's what I'm gonna do for now.

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