Starting to think that rather than save for a car right now I should be saving up my emergency fund, once I get there where I want it, then I'll save for a car & will be able to save more at that time for it. If worst comes to worse and I need one before its saved I would have my EF anyway to put towards it. I think I just feel better off knowing I have a big EF. I can't wait till Dave Ramsey's book is ready for me to pick up at the library .. maybe it says in there what to do.
Get your EF first. This is what DR will tell you.
If something happens you will rob you car fund and then be at square one again.
__________________
Debra
Married to Michael
Mom to
Chassidy 24
Tanner 19
Johanna 15
2010 Grocery budget $384.91/$2010
January total $177.11 $254.54 in coupons
February total $182.68 $96.15 in coupons
March Grocery total
week 1 $25.12/ $30 $22.75 in coupons
week 2 .00/$30
week 3 .00/$30
week 4 .00/ $30
2011 Hawaii fund $1090
Money added to Hawaii fund in December $139
Money added to Hawaii fund in January $303
Money added to Hawaii fund in February $173
My vote would be for the emergency fund. You just never know when something will come up. We just had a tree come down and now, I have to dig into the EF to pay for it to be taken down. Happy I have the EF there, so I don' thave to skrimp and save for it.
__________________
[CENTER] Sarah
~Fine Frugalista~
"The best way to save money, is not to spend it!"
Wife to Patrick since 2000 Happy SAHM to Jake (8) & Josh (5)
Dave Ramsey would definitely say Emergency Fund first, then sinking funds (car fund).
__________________ Miranda
Spending less is easier than saving more. Goals - March
~Complete The Hundred Push-up, Sit-Up, and Squat Challenges
~Track $$
~Menu Plan
I would go emergency fund first, because from personal experience, you're gonna NEED the EF when you get a car...lol.
Hahahaha...I so agree.
We pay for a money pit that takes us to some sort of employment that earns an income that is not related to the cost of living only to turn around and to have to sink more money into it LOL
EF first. Car later Who knows, maybe the one you have now will make it past its estimated 3 years.
__________________
Making lemonade because life handed me too many lemons at once!
Decluttering has become my nemesis!
Trying to live simply & frugally to the best of my abilities.
UPDATED: March 18/10
LOC & CC - PIF on NYE
EMERGENCY FUND (ING) - $858.15
VACATION FUND (ING) - $341.66
CHANGE JAR $159.04 - not yet updated
2010 Challenges
READING CHALLENGE (as many as I can): 40/100 CHRISTMAS 2010: $0/$500
LOSE A POUND/WK - 3.8/25
TRY NEW RECIPES - 7/12
NO EATING OUT - 33/365
We pay for a money pit that takes us to some sort of employment that earns an income that is not related to the cost of living only to turn around and to have to sink more money into it LOL
EF first. Car later Who knows, maybe the one you have now will make it past its estimated 3 years.
Sorry...I didnt see an edit button as soon as I hit post.
I meant to say relative instead of related.
LOL
__________________
Making lemonade because life handed me too many lemons at once!
Decluttering has become my nemesis!
Trying to live simply & frugally to the best of my abilities.
UPDATED: March 18/10
LOC & CC - PIF on NYE
EMERGENCY FUND (ING) - $858.15
VACATION FUND (ING) - $341.66
CHANGE JAR $159.04 - not yet updated
2010 Challenges
READING CHALLENGE (as many as I can): 40/100 CHRISTMAS 2010: $0/$500
LOSE A POUND/WK - 3.8/25
TRY NEW RECIPES - 7/12
NO EATING OUT - 33/365
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Wendy 
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4/2030 making progress
Miranda 
Who knows, maybe the one you have now will make it past its estimated 3 years.
LOC & CC - PIF on NYE 
$159.04 - not yet updated 
CHRISTMAS 2010: $0/$500
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