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Home > Emergency Fund milestone reached.

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.

Posted in Uncategorized | 4 Comments »

4 Responses to “Emergency Fund milestone reached. ”

  1. creditcardfree Says:
    October 29th, 2015 at 11:24 pm 1446161078
    1446161078

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

  2. pjmama Says:
    October 30th, 2015 at 12:30 pm 1446208237
    1446208237

    How fantastic! Great job Smile

  3. Livingalmostlarge Says:
    October 30th, 2015 at 04:08 pm 1446221335
    1446221335

    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.

  4. rob62521 Says:
    October 30th, 2015 at 06:31 pm 1446229902
    1446229902

    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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