My friend Amy, from Amy’s Finer Things, wrote this line in her post that really hit me.
“Being intentional with our money turns emergencies into inconveniences.”
It is so very true. Not having the money to cover an unexpected bill, just turns into a series of robbing Peter to pay Paul. You skip paying a bill to pay for a repair. It becomes an ugly cycle.
As a part of my Back to Basics series, I am writing a post on how to start an emergency fund . Amy’s emergency fund saved her — when her heater went out on New Years Eve. Outside of a little teeth chattering, Amy won’t be majorly impacted by her furnace repair. Without an emergency fund, this could have been an major financial blow.
Knowing Amy on a personal level, she has made some big “material” sacrifies to meet her personal financial goals and is very inspiring. I thought her blog post here would be a great primer for my post next week.
So if you are struggling getting started on your emergency fund, maybe Amy’s story will help give you the motivation to save your first dollar.
Carol says
I read your post and at the end you said – “save your first dollar” and I thought, I can save ONE dollar. And that would be a start. Then I looked at our budget and bank account and realized I could put $50 in the savings account right now. Goodbye slush fund. Hello emergency fund. Thanks Shannon.
Shannon says
@Carol,
You don’t know how happy this made me. $1.00 is all it takes and $50 is amazing! Yeah! :)
Amy @ Finer Things says
Thanks, girl!