Emergency Fund?

[Sagette]

For those of you who base their EF off a bare bones, cancel the cable, cell phones etc budget, are you not in any sort of contract for these plans? If you are in a contract, would you include the cancellation fees for these services in your EF? I remember several years back when I canceled my individual cell plan through Verizon to be added to a family plan through my husbands(ATT) I had to pay a $175 cancellation fee.

I wonder about this as well. I belong to another board where bare bones was suggested and after talking to DH, it didn't make sense for us to break all of our contracts. For us, we're just going to ride out the remainder of the time and cancel as they come up.

[achrissmile]

I agree with the comment about cancellation fees. When my husband was out of work we were going to cancel our cellphone, but found we could put it on a loyalty plan @ $20/month. Since the cancellation fee was $175, we could keep the cell phone for over 8 months before it added up to the same amount as the fee!

[Ashley01]

I never even thought about cancellation fees.. My barebones budget still included my cellphone because I have no other line, my Internet would go because there's no contract. Most of the time it definitely doesn't seem worth it for the cancellation fee I'd much rather pay the smaller about for a few months while I tried to get back on my feet rather then cancel and pay fees with the thought that when I do get back on my feet I'll just be signing another contract.