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Finally a Real Emergency Fund!

April 6th, 2010 at 07:17 pm

Well, we have not hit our $1,000 goal yet, but we are at just over $700, which feels really good. I cannot tell you the last time we have had this much money without it being earmarked for anything, but peace of mind. I love it! I will be working for the census by the end of the month, so I hope that we will by celebrating our first financial goal by the beginning of May (or whenever that first paycheck comes). It's a start.

We are doing a LITTLE better with sticking to our budget. I have gone to dealing with all cash and that really does make a difference. I have all of our cash in various envelopes for our Freedom Account as well. It's all contained in one three-ring binder and I love how organized it is. It helps me to physically separate all of the cash, instead of just on paper. It's helped opened my husband's eyes even more too, when he goes over budget and has to pull money out (and sign it out on the balance sheet) of our date night fund or clothing fund, etc. Things are slowing down in that department too, so I am feeling hopeful.

I just realized that the first quarter of the year is over; it went so fast! So, I will just rename all of the same goals as our second quarter goals and I fully expect to reach them. Yeah!

Spring is here, a time of renewal and new beginnings...boy am I ready for one.

5 Responses to “Finally a Real Emergency Fund!”

  1. scottish girl Says:

    That's brilliant Smile I like the idea of signing a balance sheet when taking money out.

  2. creditcardfree Says:

    Congratulations! I'm glad things are coming together for you.

  3. Ima saver Says:

    You are doing great!

  4. Personal Finance Student Says:

    Thanks everyone! I hope these good times just keep rolling and we see ourselves out of debt in a few years. Smile

  5. Jerry Says:

    There is nothing like the sense of relief that a good EF leads to, don't you think? I know that it makes all the difference for us, because it provides a little insurance that you're not completely screwed if something goes haywire!
    Jerry

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