How's your EF coming?

**Natalie** · 09-19-2009, 12:37 PM

Thought I ought to get around to figuring out my EF. So, I've updated it. It's also my car repair fund, and I do have some car repairs that need done, but it's up to date as of the time of this posting.

I'd like to have much more than what it's got, in case of something big happening...

**danni** · 09-19-2009, 05:29 PM

Ours was used a little while ago so now we are building it up again. I just transfered another $77 to it so it is now at $585.73.

**shoiji** · 09-19-2009, 06:01 PM

Mine will take a while to build up. Lately there have been necessities that are needed.

**Michelle68** · 09-19-2009, 07:39 PM

Ours is not being built up quite as fast as I'd like it to because we have to hold back some money for surgery that my DD has to have soon. Hopefully, we'll start adding again in a month or so.

**mauimagic** · 09-19-2009, 07:43 PM

I am happy just to have an EF that is growing - so when we need to use it it will be there. Just updated ours two days ago. Glad that I set it up for automatic withdrawals from checking account - always works best for me!!

**nuisance26** · 09-19-2009, 08:32 PM

~We have a six month, all living expenses EF. But I'm pretty sure we'll have to dip into it this month to pay for oral surgery. It should be built up again by the end of the year though.~

**Nana2two** · 09-19-2009, 09:30 PM

Well we have just about $500 had to take some out for misc. Things.

**frugalfriend** · 09-19-2009, 11:01 PM

Way to go!

**mauimagic** · 09-19-2009, 11:14 PM

Thank goodness for EF - that it's there when we need it!!

Nuisance - great job in getting your EF so well established!!

I am still glad that I have it done automatically. I am working on other savings programs where I am responsible for making deposits. I don't know where I mentioned it, but my dentist, physical therapy and massage therapy are on the same floor of the same building - so I joined the credit union in the same location. For every visit I make to any of those I pay myself $10. Figure I am paying myself for taking care of me!!

**jlaporte** · 09-19-2009, 11:22 PM

well what little we had started is gone. gone like the wind....needed new tired for the caravan. hubby drives such a long way to work. fron tires were ready to fall apart literally. well they were the origonal tired from when we bought the van brand new in 04. and we drove bk n forth to florida 2 times when we lived in mas. and we drove back to florida when we moved her. so yup thousands of miles on them treads.now we have to redo the EF. luckily hubby has been right on call with all that NEEDS tio be and not all for the wants. see men can be persuaded to the good frugal side...we have cookies.fresh homemade ones...it works everytime!

**Charles C** · 09-19-2009, 11:38 PM

Well somebody convinced me , that BA is no good so I'll be sleeping on mine tonight

Don't really need an EF, have no debt of any kind. Including house. I'll just call mine the safe and sound fund, bank can't make any charges anymore

UMM thought I had a problem yesterday, car wouldn't start. Aw just cleaned the battery post and it works like a charm. Hey if you can fix just about anything, it helps

**NikoSan999** · 09-19-2009, 11:46 PM

Originally Posted by Charles C

Well somebody convinced me , that BA is no good so I'll be sleeping on mine tonight

Don't really need an EF, have no debt of any kind. Including house. I'll just call mine the safe and sound fund, bank can't make any charges anymore

UMM thought I had a problem yesterday, car wouldn't start. Aw just cleaned the battery post and it works like a charm. Hey if you can fix just about anything, it helps

Good choice Charles...Enjoy the lumpy mattress and know BA hasn't got their hands in your pockets anymore. They even go for the lint that's in them.

Ex sister in law used to hide hers in the back yard in jars. She had a map. I used to think she was crazy...Yeah, crazy like a fox.

**wwe11** · 09-20-2009, 09:46 AM

I just started mine, so it will take awhile to build up cause of our debt repaymant.

**Pianolady** · 09-20-2009, 10:59 AM

Was up to $2k, but is now depleted due to underemployment. Starting over again!

**Grainlady** · 09-20-2009, 11:02 AM

I use the $1 bill savings method to fund what we call the Emergency Fund/Christmas Fund. Although Christmas gift buying ($10-gift limits in our family) was done many months ago, we use anything over $1,000 in this account for Christmas donations to our favorite organizations. We have 6-months socked away for a fully-funded emergency fund, but we keep the $1 bill account going all year long.

By saving my $1 bills and putting them into this savings account each month, I've never saved less than $600, and as much as $1,000 for the year. Add to that the $20/month I budget and pay myself to cut my own hair ($240/year), garage sale money, and any other "found" money (collecting aluminum cans, rebates, etc.), all goes into this account.

We use cash for most of our daily purchases, so if you use credit/debit cards/checks, the $1 bill savings method may not work as well for you.