Emergencies Happen - Murphy Lives - Everywhere!

iVillage Member
Registered: 12-31-2010
Emergencies Happen - Murphy Lives - Everywhere!
14
Thu, 02-09-2012 - 1:34pm

The difference is that people who prepare do not have emergencies turn into catastrophes.

#Marie

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iVillage Member
Registered: 10-01-2008

Sometimes emergencies, mishaps, illness happen like snowflakes.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 12-12-2009

Great post! I agree that emergencies (or unforeseen events) happen to everyone - and the difference is how you have planned for them and how you handle them. A few in a row can make anyone feel cursed (bad things happen in threes, right?) - but when you are not living close to the edge, dealing with them may be stressful but it won't be catastrophic.

I don't have an emergency fund per se, but I also don't really have a budget :smileyembarrassed:. But I've always known how much things cost and I've always lived way below my income - even when it was half what it is now. And I'm looking at drawing up a budget, not to save money but to better track where it does go (I have an idea, but not written down in one place, by week, month, etc.). I do have 5K in a savings account that I "forget" is there - so I guess that is sort of an emergency fund. So far though ... no emergencies. Not that these things don't happen to me, but when I get a flat tire and need to buy a new tire - the money is in the bank and I get one. Someone dies and I have to fly across the country to the funeral - I have the money to

iVillage Member
Registered: 10-01-2008
Hope to be in your frame of mind in a little over two years. I have learned from my past. . Oh my, I cannot imagine not having a budget. But lots of people are really good a keeping number in their head. You must be one of those.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 11-14-2008

I have been on this board awhile. I didn't know the benefits of having an emergency fund and sinking funds until I needed them. And sometimes that is the way things work.

I was so focused on paying off debt and tracking the progress, I didn't think about car accidents or

Avatar for mahopac
iVillage Member
Registered: 07-24-1997

This is good advice.

iVillage Member
Registered: 08-24-2007
I used to be in the same boat as Kelly.

I now have a healthy e-fund, plus massive sinking funds to absorb emergencies. It's made a big difference in my life.

For me, it's not about my ability to absorb the emergency. Like PP have noted, emergencies come in flurries, snowflakes turn into snowballs and the next thing you know, you're snowed in again. So when Murphy visits me, I worry that, while I can absorb these current crisis, another one may be down the road and the e-fund won't be able to absorb it.

Kate


empty purse

iVillage Member
Registered: 12-12-2009

iVillage Member
Registered: 10-01-2008
You....totally get it! Amen SIster!

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 10-01-2008

I think most of all in our money situation, is the amount and size of savings we are able to maintain.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 11-02-1999

Last year, we were hit with three rather large "emergencies" within a three-month time period -- our truck dying and needing to purchase a new (to us) car, losing our washer/dryer in a flood during a hurricane, and having to make mandatory and










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