Do you have an Emergency Fund? And if so, how many months worth of expenses do you have saved?

[queenofthehivemomof5]

For anyone that might be interested in starting somewhere with an emergency fund I have started a support thread here: Don't have an Emergency Fund? Let's support each other and get on a savings plan!

No matter where you are in your finances you can start saving and we are here to support you in that! Come join us!

[joshmamabear]

Those who made the right choices and now have over 9 months worth of EF,

know that you can use this to your advantage in terms of auto and home insurance premiums. you can now increase your deductible in case something happens to your vehicles or home. premiums with higher deductibles are often lower than those with low or zero deductible. It is not wise to choose a high deductible if you know you do not have funds to pay the higher deductible should something happen. Check with your insurance agents on how much savings you can get. Savings may be significant for those who have multiple vehicles plus home policy with one insurance agency.

this is one way of making your money work for you.

[frugalsaver]

i have an emergency fund set up to cover 6 months of basic expenses just in case something would happen and also have different insurances set up so if there would be an injury or some type of loss it would be paid for. The emergency fund I have set up would just cover all the basic bills, food, clothes, etc and have an extra $150 or so for each of those months to cover inflation or extra expenses.

[shelleyf]

I don't have an emergency fund but am praying for one.

[cody82414]

I don't have an emergency fund but am praying for one.

me neither
and
me too

[cybilx10]

We did have one. It was about 4 months worth. But since dh has had his surgery and has been out of work (no pay) for almost 3 months now things are getting really tight. I think I have sliced everything down to make the $$ last an extra 2 months but that is only if something extra doesnt come up.

Im hoping to get it built back up if and when he goes back to work, cause my fridge and garage needs some major repairs.