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Emergency Fund milestone reached.

October 29th, 2015 at 10:14 pm

My goal was to have 1 year of take home pay saved in non-retirement accounts and we finally surpassed it.

Granted, it is not a "traditional" EF, since most of it is in investments and not in "cash", but with 2 incomes and stable jobs, I think it is a risk worth taking.

When people ask on TV about how many paychecks away many families are from being homeless, I am relieved to reply to myself "many". In many ways I'm very risk averse and this gives me a sense of comfort.

5 Responses to “Emergency Fund milestone reached. ”

  1. creditcardfree Says:

    Congratulations! That is a big milestone. I know I feel better with an emergency fund.

  2. Holborn Assets Says:

    That's good to hear. You must also seek advice from financial advisers like Holborn Assets for future reference. The company has great counselors and advisers.

  3. pjmama Says:

    How fantastic! Great job Smile

  4. Livingalmostlarge Says:

    Fantastic! Awesome job. We stashed 3 years of cash on hand before DH quit. We had one year flat cash and two other years in taxable accounts still yet invested. NO point in leaving so much cash on the table. However now we have more cash on hand because our home equity we are holding on to decide if we want to buy. Sadly it's gaining 2% but we likely are buying in the summer 2016.

  5. rob62521 Says:

    Good job! It is scary to hear how many people are homeless and may be just one paycheck away from being so.

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