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First Deposit

March 13th, 2010 at 03:17 pm

I'm adding $779 to the emergency fund today. The advance from the Army sure helps!

Old Balance: $0
New Funds: $779
New Balance: $779

Only $6221 left to meet this goal! I hope to find myself adding little amounts from time to time as well. As I write that, I realize I can add the interest the emergency fund earns each month too. Cool.

Ebay update: both auctions have bids!

4 Responses to “First Deposit”

  1. yisave Says:

    That's a great start on your emergency funds. I keep mine in a fund that earns interest. You would be surprised how much interest that you earn each month that will be added to the fund. Hopefully, our interest rates will go up and we will earn even more.

  2. creditcardfree Says:

    yisave and to others who read this post: we do have an emergency fund already established. Our current goal is to add another $7K to the one we already have.

  3. scottish girl Says:

    That's great

  4. yisave Says:

    We have our own business. Just the two of us and we never know what can happen. We don't have the perks most companies have. Don't have workman's comp, nor unemployment insurance or vacation. Our emergency funds have to be more than most people's. We are funded for 1 year but it's just for the necessary items to pay for instead of the wants.

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