OK I've been reading blogs and it seems as though everyone has an Emergency Fund. Hubby and I don't, however we are trying to save for a house - I don't know if we will manage to get on the property ladder straight away but the money saved will help when we finally get a house (even if we do rent).
I'd like to get a used car too. I passed my test nearly a year ago and due to the wedding I haven't been able to get one.
So, I'm wondering, is it even possible for us to do that?
EF
January 29th, 2010 at 08:31 pm
January 29th, 2010 at 08:38 pm 1264797493
Why not set aside $500 to $1000 to start your EF? Then put some of your savings to EF and some to the house.
January 30th, 2010 at 04:33 am 1264826024
When you get to the EF goal, mentally divide up the EF into 1/2 EF and 1/2 down payment, then put 1/4 of what you are saving into EF, 3/4 into down payment, then keep going.
January 31st, 2010 at 09:20 pm 1264972835