I was playing around with next month's budget - extra to savings, extra to debt etc - when I realised that I don't have a category in my budget for my car fund and emergency fund. How am I supposed to add to them consistently if they're not in my budget? Silly me. Well of course I've added them to my budget now. I've budgeted £10 for each of them, although really it should be more than that.
I don't know if it's just me but I find it difficult sometimes trying to cover everything: adding to moving out, EF, car fund. I know it will be worth it in the long-term though when I have sufficient savings so that I don't end up using my credit card to cover emergencies/car repairs.
If only I had built up my emergency fund first. I might not have all of this credit card debt if I had.
Better late than never
July 14th, 2011 at 06:24 pm
July 14th, 2011 at 11:22 pm 1310685771
July 15th, 2011 at 09:46 pm 1310766363
Jerry