Renaming my account

[RuthNY]

I've had a 'duh' moment. I realized that what I was refering to in my other post as an Emergency Fund was actually my "Freedom Account".

I think I now have a clearer picture as far as setting savings goals.

I now have have a goal of putting money away in two seperate accounts, one for EF one for FA.

My FA will have a set amount directly deposited into a savings account with an attatched checking account. That will cover the catagories I mentioned.

My EF will be a seperate sub account saved till I reach an amount to buy a 1 year cd every 3 months so that eventually I'll have a cd mature every quarter. That should be good for me because I really do have some job security (no one has complete security but I have 6 months sick leave and work for the gov't for 23 years so might be as stable for now as anyone, so not in a real rush).

I might also mention I do max my TSP (gov't version of 401K).

So, anyway, that's my plan of attack. Thanks for making me think this out by responding to my other post.

[homesteadmamma]

You've got it. What a perfect plan.

I think sometimes we forget about the freedom account because were so busy trying to get our emergency account built up.

Great job!!

[Darlene]

Woohoo, You smart cookie, you!