~Emergency Fund~
I know we are taught the priciples of having an emergency fund just for that purpose, to be able to get us through a crisis whenever that may happen. Johnny and I have never really thought much to put money into a fund like this because we are trying to get out of debt and seems to always have endless piles of bills to pay.
We have been making a concious effort to put money away each and every month for just this purpose. (Thank you Dave Ramsey <-- his program rocks, by the way!) So I opened my mail today to receive a bill from the pediatrician for bills from 2005 totalling over $500! I was going to be so sick just thinking about it, but I am not clear why my insurance was never billed because it was for all of the immunizations my children have received. Anyway, it is nice to know that we have money set aside just for little surprises like this. It leaves me with such a peace of mind knowing that we won't be strapped trying to pay this off or to incur more daebt by doing so.
Bottom line: If you don't have one you better start saving for one!
2 comments:
It is a great feeling to be able to pay that off and not have it hanging over your head. Great advice.
I love the Dave Ramsey book. I am in the process of reading it and can't get enough of it. It is so good. Emergency funds are so good to have. Funny it takes little things for us to get our acts together!
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