Net Worth
Good Info I've Collected
- Debt Calculators and Debt Reduction Resources
- Financial Calculators
- Free Stuff
- Increasing Your Income
- Keeping Motivated
- Living Frugal
- Random Money Saving Tip
Recent Comments
- Sherri: I’m glad that the sale has made this possible for you! There...
- Ian: It will be sad to see you go, but must be such an exciting feeling.
- Ian: My wife watched this. The woman can get 100 dollars worth of groceries...
- DebtLessDuty: I love the stories Oprah shared on her program. They are an...
- The Frugalista Files: I missed the show.
I checked out the website and was... - Emmi: Must feel good to be looking for a replacement because you expect to no...
- Budget Mama: Thanks for the link to my blog :o)
- Rob in Madrid: Here’s one I found from the UK Cash Strapped Teacher...
- Sarah: One thing we should all keep in mind as we read through this thread is...
- Jerry: great tips on saving some money, thanks
We recently received a minor windfall when we surrendered a whole life insurance policy. The timing of that check ($1,300) enabled us to hit the halfway mark with our debt. For the past few days I have been debating what to do with the rest of it.
I finally decided to go ahead and use some of it to increase the amount in our emergency fund to $2,500. That was the amount that we were aiming to have in there some time ago, but we never made that goal. For now, we will leave our emergency fund at $2,500 and concentrate 100% on paying down our debt.
There is still some money left from the insurance check. My son’s recent unexpected visit to the doctor gobbled some of it up (he’s okay - the doctor thinks he caught a bad bug going around). We will probably put a few hundred more towards our credit card debt and keep the rest around for a little bit. That will give us some breathing room for Christmas-time.
I still can’t believe that we actually have thousands of dollars in the bank at this very moment. I can get used to having money stashed away like that. It gives you a sense of security knowing it is there if you need it.
Random Posts
Leave a Reply
About This Site
Credit Card Debt
- Starting = $37,614
- Paid Off = $29,141
- Current = $8,473
- $25 ING Savings Bonus
Savings Account
- Current = $3,750
Posted: November 28th, 2007 at 8:56 am
Congrats Tricia! I’m still setting aside my $50 a pay but I’m no where near my goal. As always you’re an inspiration to people like me.
Posted: November 28th, 2007 at 8:57 am
Congrats! That must be an awesome feeling! Way to go!!
Posted: November 28th, 2007 at 9:58 am
Wow–congratulations on reaching that goal! That’s quite the accomplishment!
Posted: November 28th, 2007 at 10:15 am
Congrats! I’m still hovering around the $1,000 mark with my emergency fund, though slowly building it. Well done!
Posted: November 28th, 2007 at 11:09 am
Excellent! Just as we have unexpected expenses, we sometimes have unexpected windfalls. I think you made a good decision with the insurance check.
Half your debt is paid, and now you have an emergency fund - you’ve come a long way! You should take a moment and sit and enjoy the feeling
Posted: November 28th, 2007 at 12:11 pm
yay for savings! what a great way to end the year.
Posted: November 28th, 2007 at 1:06 pm
Congratulations! It is nice to know there is always a cushion.
Posted: November 28th, 2007 at 1:48 pm
That’s great! And having extra money for Christmas too–perfect.
Posted: November 28th, 2007 at 4:34 pm
Congratulations, Tricia! Have fun with the extra money - that’s important too!
Posted: November 28th, 2007 at 4:41 pm
Good deal to have that extra money around. I have a hard enough time trying not to think about my 1k EF for things we should cash flow.
Posted: November 28th, 2007 at 6:50 pm
Congrats Tricia! As Jen said, it usually unexpected expenses that pop up but the unexpected windfalls are GREAT. It’s also good that you put it to good use.
Posted: November 28th, 2007 at 9:54 pm
Woo Hoo!!!
You are truly an inspiration to me! Three or Four months from now I hope to do the same.
Congratulations
Posted: November 29th, 2007 at 7:35 pm
That is Wonderful news! Congrats
Posted: November 29th, 2007 at 7:51 pm
There was an article on MSN Money a few months ago that said ‘why everyone needs to have $500 in the bank’. A small stash a.k.a the emergency fund makes it easier to sleep at night.
Congrats on the accomplishment.
Posted: December 1st, 2007 at 3:06 pm
[...] Blogging Away Debt has fully funded their emergency fund. [...]
Posted: December 4th, 2007 at 1:28 am
Tricia, that’s gotta be a great feeling of accomplishment to get that emergency fund fully funded! I’m still debating what I consider a fully funded emergency fund myself… I have more than six months in there now, but I’m not sure if cutting that down a bit would be wise.
Posted: December 4th, 2007 at 10:27 am
[...] Dawn, from Blogging Away Debt, has her $1000 emergency fund! You rock! [...]
Posted: December 8th, 2007 at 9:53 am
[...] was a great month for our Net Worth. With fully funding our emergency fund and paying off half of our credit card debt, this month ended up being our biggest net worth [...]