I found a way to keep emergency fund!

iVillage Member
Registered: 04-02-2003
I found a way to keep emergency fund!
Fri, 02-11-2005 - 10:47am

I was driving into work this morning and was thinking about my tax refund that is now sitting in my checking account. $500 of it is going to be my emergency fund. I have two ING accounts (one is mine and one is my dd's college savings). My orginial plan was to put all my refund into my account and just "earmark" the $500 as emergency fund. Then I thought, if I put the $500 in dd's college savings, I will be less likely to take it out for something that is not an emergency, but it is there if I need it for a true emergency.

Kathie