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Better late than never

July 14th, 2011 at 11:24 am

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.

2 Responses to “Better late than never”

  1. crazyliblady Says:

    Hindsight is 20/20. Don't stress too much over it. You have recognized the problem and are working on fixing it. That may be the hardest part, and definitely a part many people never do.

  2. Jerry Says:

    Yeah, looking back can certainly be frustrating, but looking forward with those two new funds will lead you to obtaining the things you need... don't worry! And you have certainly learned the importance of having the insurance of an EF from first hand experience, so you know how that all plays out. Good luck with everything...
    Jerry

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