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Money and Finances
Reply to "Has anyone ever had to use their Emergency Fund?"
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[quote=Anonymous]Just started saving money last year and kept trying to get to baby EF of $1000(DR baby steps). As soon as I had $1k saved the 1st time I had a car accident and needed to rent a car, didn't get rental insurance, and then someone hit the rental. $1000 gone just like that. I started again and had just built back up to$1k a 2nd time. Pipe burst in house and flooded basement. $1k Homeowners ins deductible. Another EF gone. Started saving a 3rd time, and I finally have enough to cover mortgage. I have a looonnngggg way to go before I can cover all monthly expenses that are needs, but I'm slowly making progress. [/quote]
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