Comments on: Baby Step One – Starter Emergency Fund

By: Brenda

Brenda — Mon, 09 Jan 2012 02:13:12 +0000

Just heading down the path of redemption of my credit card debt. I love your site and feel like you’ve put things into common terms and a simplicity approach that is doable!

By: Dave Ozment

Dave Ozment — Thu, 11 Mar 2010 05:25:22 +0000

Hey J, sounds like you’re making tremendous progress, congrats. I really do think $1k is a good buffer but I certainly understand that every rule has an exception. Hopefully your run of bad luck is over and you can get back to making headway.

Thanks for commenting.
Dave

By: Dave Ozment

Dave Ozment — Thu, 11 Mar 2010 05:20:49 +0000

Glad you enjoyed it PL and best of luck to you as you get back on your feet. It may not always be easy, but it is worth the struggle.

Dave

By: J Brown

J Brown — Wed, 10 Mar 2010 23:42:06 +0000

I found that the $1000 in the efund for me was a good starter, but realized when lightening struck, I needed more like $1500. So to make me sleep a little better, I am beefing mine efund up to $2k. Keep in mind that in the past 14 months, we have paid down 7 debts to just 3! The total amount is over $35k so far. In this time, we only had to -use- the efund once, but that for a series of small things like the heater is out in Jan, the windshield broken, and refrigerator died all in 3 weeks time. One of my 2010 goals is to have debt free this year and then have $5k in before 12/31.

Good post looking forward to the rest.

By: P L Black

P L Black — Wed, 10 Mar 2010 17:04:02 +0000

This was very timely and a blessing. Keep up the good work. I am just now starting to get my $1000. I am in an emergency right now actually but I have zero savings so I need to do things differently. I just got out of Ch. 13 at the beginning of this month so I am looking for a new beginning.

By: Dave Ozment

Dave Ozment — Wed, 10 Mar 2010 02:14:58 +0000

Good luck with the class and thanks in advance for the plug!

Dave

By: Brad Chaffee

Brad Chaffee — Tue, 09 Mar 2010 18:55:25 +0000

Thanks for the recommendation Dave!

This is a very timely post because I am about start leading my third FPU class. We start this Sunday actually. I will be doing a series myself on each lesson so I will be sure to mention your series here.

Brad Chaffee´s last blog ..Manage Your Money Week 2 – Teamwork, Accountability, and Kids