According to the teaching of Dave Ramsey and Crown Financial, we are working toward getting $1,000 into an emergency fund before we tackle our debt head on. This will keep us from going into further debt if the car needs repair or something.
We've got $250 saved so far. I may be able to put another $200 in the account, but I'm really not sure how much money I have in my checking account -- a lot of unreconciled debit card purchases.
I get paid tomorrow. We're living with my wife's parents for the time being so we have a lot of extra money to get ourselves on track financially. I don't know how much I get paid -- this will be my first full check at the new job and I don't know what the check will look like after taxes and other deductions. I'm excited to find out!
After payday tomorrow, I might be able to put another $500 into the emergency fund. In any case, I think we'll have the it funded in under a month!
Baby Step 1 -- getting $1,000 in emergency fund
February 23rd, 2006 at 03:09 pm
February 24th, 2006 at 12:09 am 1140739761
I am happy but it’s very easy getting into debt but it is hard as I don’t know what getting out, however, it can be done.
I’ve moved back home with my mother as well and it is really helping
Keep your head up because before you know it you will be debt free. I have friend pressuring me I should do this or that but I am paying my debt and not borrowing any money and it feels soooooooooo good
Good luck J
November 16th, 2009 at 08:46 am 1258361210
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