how much do you keep in your emergency fund? - Page 2 - Mothering Forums

Reply
 
Thread Tools
#31 of 35 Old 08-18-2009, 12:19 AM
 
maryjane's Avatar
 
Join Date: Jul 2004
Posts: 517
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
We have $20K right now and are debating whether or not it needs to be higher. In addition, we have sink funds for predicted expenses -- license renewal, insurance premiums, our accountant, etc. In theory we have a car replacement fund as well, although our budget is so tight that we only save $25 a month toward that.
maryjane is offline  
Sponsored Links
Advertisement
 
#32 of 35 Old 08-18-2009, 12:40 AM
 
RollerCoasterMama's Avatar
 
Join Date: Jul 2008
Location: the burbs
Posts: 5,603
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 71 Post(s)
Goal: $15000. Reality: about $400. And that's to go towards moving to separate homes. Every time we get some extra money, it's sucked away in some crisis. I'm divorcing next year (as soon as we can afford to move) and I'm NEVER living like this again! No more paycheck to paycheck for me!!!!!

Good for you for thinking about it!
RollerCoasterMama is online now  
#33 of 35 Old 08-18-2009, 11:37 AM
 
Ruthiegirl's Avatar
 
Join Date: Jun 2004
Location: Feet in the mud, head in the clouds
Posts: 3,668
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 25 Post(s)
Right now? Practically nothing.

We just (like 3 days ago) paid off our last credit card. We now have a substantial chunk of money to send to savings each month with a $10,000 goal. Should take us about 8 months.

Frugal, food growing mama to my four loves

Ruthiegirl is offline  
#34 of 35 Old 08-18-2009, 12:20 PM
 
annethcz's Avatar
 
Join Date: Mar 2004
Location: on the beautiful prairie of MN
Posts: 9,825
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My current answer is that we save as much as we think is reasonable. We only have one savings account, and we regularly add to it. This savings account is not only used for emergency savings, but also as a sinking fund for any large purchases. I am still working on building up the amount of money in the account, right now we have a few months worth of expenses saved up. I think it will be a VERY long time before I feel like I have *too much* money in my savings account and need to move money to other places.

New signature, same old me: Ann- mama of 2 boys and 2 girls, partnered to a fabulous man.
I'm an unintentional weasel feeder and I suck at proofreading.
annethcz is offline  
#35 of 35 Old 08-18-2009, 12:30 PM
 
xekomaya's Avatar
 
Join Date: Apr 2007
Location: The Last Frontier
Posts: 2,167
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
We have 7-8 months expenses sitting around in the highest yield savings acct. we can find, which is only like 1.9%, and some more in ING CDs. If I didn't feel so insecure about the market I would probably only keep 3-6 months at most uninvested.

XM,: mama to ds (5/08), dd (9/10) and ds (6/12) ! whale.gif :C.H.S & M.

xekomaya is offline  
Reply

User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off