Whoo-hoo! Our $1000 emergency fund is finished! It took just about a month to finish with only starting with $100 in savings! We are so excited!!!
I first blogged about the emergency fund here ( http://happyinthehome.blogspot.com/2008/01/credit-cards-credit-scores-debt-free.html ) and here ( http://happyinthehome.blogspot.com/2008/01/dave-ramsey-and-emergency-fund.html )
Dave Ramsey says it's important to get this in place in a month or less. I new we could do it because our tax refund would be coming; but this is really cool..... we don't have the tax refund yet!!!! We did it (With the LORD's help of course) without the tax refund!
When our tax refund comes we will owe less than $3000 on anything except the house!
What is truly amazing though since we put these goals in place is that my hubby is HAPPY! It has taken such a weight off his shoulders! He feels so free knowing we aren't taking out any more debt and we have an emergency fund in place! This whole last week he has been so much at ease. Things that normally bothered him he just takes in stride!
Thursday, February 7, 2008
Doing the Happy Dance!
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4 comments:
Congrats! It seemed to take us forever to get our $1,000 fund set up but it's so nice to have. Now we just have to work on the 3 months of living expenses....
Very happy for you!
Great job!! You have a lot to be thankful for!
Good for you guys we have been able to fully fund our emergency fund as well, get some car repairs done and have some long over due family fun.
We are really looking forward to paying off our last debt (aside from the house) later on this year.
This year has benn the most finacially freeing year that we have experienced in some time.
Keep up the good work.
Thank you Stella for the 411 on the blind hem. I have heard the term but didn't know what it was. I will check my booklet as well as google. How is everything going with you debt freedom plans?
Looking forward to more of your post. I pray that all is well with you and your family.
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