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They're started!

May 25th, 2011 at 06:02 pm

My emergency fund and car fund, that is. I took TarWalker's advice - thanks! -and started small. Before I left for work this morning I put £1 into an envelope for my emergency fund and done the same for my car fund. After work hubby's mum phoned and asked me to pick up bread. She gave me the money when I came in. I put the small change into money bags that I take to the bank every few months and I put the pound coin into my emergency fund.

Posted in Goals, EF, Car fund | 6 Comments »

6 Responses to “They're started!”

  1. North Georgia Gal Says:
    May 25th, 2011 at 06:05 pm 1306346701
    1306346701

    Congrats on starting these funds! Even small amounts add up!

  2. scottish girl Says:
    May 25th, 2011 at 06:06 pm 1306346784
    1306346784

    Thanks Smile

  3. Petunia 100 Says:
    May 25th, 2011 at 06:19 pm 1306347546
    1306347546

    That's great!

  4. My English Castle Says:
    May 25th, 2011 at 07:59 pm 1306353545
    1306353545

    Excellent! When we were starting an emergency fund, I put "found" money in it too. DH found a one-pound coin on the roadside, and got very excited!

  5. snafu Says:
    May 25th, 2011 at 08:13 pm 1306354382
    1306354382

    We started our emergency fund with change we had dumped in a jar to keep the dresser neat. From that point we dumped all our change daily into the jar and were surprised that it was full every 4-6 weeks. We had some plastic promo coin wrappers to make it easier. Some larger bank branches have coin machines. To speed the process, I took 5% off the top of net pay and transferred it to Emerg Fund, you can pick an percentage that fits your process.

  6. scottish girl Says:
    May 26th, 2011 at 07:25 am 1306394701
    1306394701

    @MEC: That's a good idea. I'd be excited if I found a dollar bill Smile @snafu: I might try that Smile

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