Reply to Can I afford to do anything other than save?

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[quote=Anonymous][quote=Anonymous]How much are you able to save each month? Why don't you just save up the $4k for the house projects? When you have it in cash, then do the projects. Same with the car. Figure out how much you are comfortable with spending and then save up to buy it. Depending on how long you're willing to wait, you can get a pretty nice used car without going overboard or having to make payments. Just start by saving each month what you would pay for a car payment.

How much you need in your emergency fund in order to be relaxed is a pretty personal question. Everyone is different. Maybe try to get to six months and see how you feel. Are there other aspects of your financial situation that make you feel vulnerable? You might look at what you can do to improve those areas as well. [/quote]

The idea is that anything I spend on the house project or save for the house project or car is not going towards emergency savings. I'm interested in what others think would be a reasonable/safe point to get to before spending on other things. [/quote]

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