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Emergency fund

Started by Noreen D.
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ND

Noreen D.

Several months ago I started saving 10% of income. So grateful that I did. My vehicle needed repairs and I had 2/3rds.of what the cost was. It sure helped considerably. Now I'm going to start putting any extra money away. Thanks SaverLife. 😊

MH

Mariam H.

Having an emergency fund is a definite lifesaver and making plans to replenish it just after using the funds is a smart thing to do. The general rule of thumb is to have a $1,000 in the fund, pay down debt and continue to build the fund.

EF

Elizabeth F.

10% to my Church
10% towards Saving
Pay Rent
Pay Bills
Rest enjoy 😊

TF

Tiffany F.

I started allotting 15%of my checks automatically to my savings to help work on reducing spending and start to live below my means. The change has been eye opening as I find my self not doing unnecessary shopping online and spending on things I don’t need and I’ve saved a good bit.

KS

Karin S.

Thank you all for commenting these great ideas it’s a huge help for sure

MR

Manasseh R.

Well I'm just starting and tired of walking to and from work it's not beautiful.

Deleted user

I recently redid the direct deposits for both my and my husband's paychecks so we can have money direct deposited into several accounts: savings, household expenses, bills, play money, and PayPal.

JW

Jas W.

I definitely have an emergency fund just in case an financial emergency happens. For example, my car stopped running one day and I had to take it into a mechanic to diagnose the issue. I found out the starter was bad and I had to shell out almost half a grand for the mechanic to work on it. If I didn't have an emergency fund, I would have been screwed and cannot get to work on every day until the starter have been replaced. This is why I always have an emergency fund for these situations.

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