Comments on: Get Your Emergency Fund In Place Now

By: April 20, 2009 Link Payday | Uncommon Cents

April 20, 2009 Link Payday | Uncommon Cents — Mon, 20 Apr 2009 22:20:27 +0000

[...] Ron over at The Wisdom Journal gives sound advice when he tells us to Get Your Emergency Fund in Place Now. You never know when something will [...]

By: dustin | sageprofit.com

dustin | sageprofit.com — Sun, 19 Apr 2009 04:46:16 +0000

A well-funded emergency fund helps us save money in other areas as well. We always pay cash for our cars, so I save by not financing. And more importantly, we buy high-deductible, low-premium insurance which saves us an incredible amount of money because we can afford the high-deductible.

Here’s to saving!

By: Carla

Carla — Sat, 18 Apr 2009 22:39:43 +0000

I dont know what I would do without an emergency fund. My disability leave was just extended from late April to mid July and who knows if 1. I can go back to work then and 2. if my job would even be there (at-will state and FMLA would have run out).

By: Weekend Reading: Links Of The Week 4/18/2009 | Man Vs. Debt

Weekend Reading: Links Of The Week 4/18/2009 | Man Vs. Debt — Sat, 18 Apr 2009 12:09:51 +0000

[...] The Wisdom Journal inspires people to Get Your Emegency Fund In Place Now! [...]

By: Weekly Roundup - Spring Break Edition | Frugal Dad

Weekly Roundup - Spring Break Edition | Frugal Dad — Fri, 17 Apr 2009 10:00:57 +0000

[...] Get Your Emergency Fund In Place Now [...]

By: Weekly Roundup - Spring Break Edition | Start Living Frugal

Weekly Roundup - Spring Break Edition | Start Living Frugal — Thu, 16 Apr 2009 13:21:22 +0000

[...] Get Your Emergency Fund In Place Now [...]

By: Admin

Admin — Wed, 15 Apr 2009 23:35:23 +0000

@ Baker – Having less debt to deal with certainly does make saving easier — but that was your point, wasn’t it?

@ Student – maybe you won’t need it for another 20 years? We can always hope, but at least you’re moving forward with your eyes wide open!

@ Tammy – feeling poor and being poor are two different things, no? Great job on working towards your goals. I love stories like yours!

@ Jeff – I sincerely hope you never have to go through that again, but I’m grateful that you were willing to share your story.

@ Servant – I agree. My biggest comfort doesn’t come from material possessions, but from knowing where my true citizenship lies. Still, I consider the ant, who lays up stores for the winter …

By: Servant

Servant — Wed, 15 Apr 2009 14:22:57 +0000

You’re right, it is nice to have padding and I’ve done that, but seems in this day and age we can’t even fully depend upon our possessions and wealth to get by…the dollar could turn on its head, there are wars and rumors or wars, etc. This shaking and uncertainty of jobs, weather disaster, and looming troubles cause us to look past what this world has to offer. I used to sing an old hymn with the chorus–on Christ the solid rock I stand all other ground is sinking sand, all other ground is sinking sand.

By: Jeff@MySuperChargedLife

Jeff@MySuperChargedLife — Wed, 15 Apr 2009 14:10:08 +0000

An emergency fund is very practical for all the reasons that you have pointed out. In addition, it adds value to your life. It allows you to relax a bit because you know you have a safety net should anything happen. It can also give you the courage to step out of your comfort zone and try something new!

Thanks for linking to my article about how I lost my home in a tornado! A situation where my emergency fund was especially useful.

By: Tammy Brackett

Tammy Brackett — Wed, 15 Apr 2009 13:31:21 +0000

As a self employed gal with a non stable income stream, I am passionate about saving. Sometimes I think I am too passionate, leaving myself feeling “poor”! I’m steadily building a great emergency fund and am half way to my goal of $10K. I save dribs and drabs as my grandma would say. $10 here, $25 there, sell plants and make $30 and sock it away! I’m always using some sort of side hustle strategy to not only save more but make more!
Great post. Especially for TAX THIRTY!