Bye Bye Emergency Fund
Thu 18 Oct 2007, Written by Eden
Categories: Emergency fund, Finance
It’s not all gone, but I had an unexpected trip to the dentist today that cost $659. That was with a discount! I really wish I could be paying off debt with that money, but I was in a lot of pain and I knew I was going to have to get the dental work done some day. I’m glad I had the money to handle it. Just about any other time in my life I would have been putting that on a credit card.
I didn’t have to pull all of that out of the emergency account and I’ll be able to re-fund it before the end of the month. It just means less money paid on debt. Unfortunate, but that’s life. It felt good to be able to handle the expense with cash. If you don’t have one yet, I highly recommend a basic $1,000 emergency fund as a top priority for getting out of debt.
