Has anyone ever had to use their Emergency Fund?
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Anonymous
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If so, how much of it and what for?
Was your E-fund liquid? |
Anonymous
| Our what? |
Anonymous
I responded in the other thread with our situation where a HELOC or cc wouldn't have worked or would havebeen less than ideal due. We have an EF of $75k and we used about $55-60k of it. |
Anonymous
| I have a small one, and may need to use it for the mortgage if the government shuts down. |
Anonymous
| You're joking right? Of course, I used it for extra downpayment money. No regrets. |
Anonymous
Same. *cries* |
Anonymous
| $20k, my H was on workmans comp but was unable to work part time or overtime. |
Anonymous
Same |
Anonymous
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Yes, a couple of times when my husband had protracted periods of joblessness (18 months and 6 months, enough to live on, you do the math). His older brother even had to loan us money, the good man. I'm forever grateful. |
Anonymous
| Yup. Needed a new roof. Put it on a credit card and liquidated a couple CDs to pay it off when the bill came. |
Anonymous
| I dipped into mine while on maternity leave. Never fully replenished what I took out ($5K). |
Anonymous
| Yes. It's why I don't have a Roth IRA anymore. I had to use it to live on. |
Anonymous
| Used ours all up 5 years ago when husband was unemployed for a while. We never replenished it- new job was better than no job but the pay was significantly less. |
Anonymous
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Yes, initial phase of divorce drained it. Went into cc debt and then took an early inheritance to finish the process.
Rebuilt it. Became ill and drained it. Filed bankruptcy. Rebuilding. |
Anonymous
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Yes. In June we decided to pay off our house. We were 7 years into a 15 year mortgage, had enough in checking to cover a year's worth of bills and whatever we might need so we dipped and feel good about it. By December it will be all paid back. The fund wasn't drained. We had $10,000 left.
We didn't have to, we wanted to. |