There goes the efund...
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| Wed, 02-01-2006 - 5:14pm |
Oh well. The only way we could scrape together money quickly to appease dbf's collection company was to take 100 dollars out of my efund. He has explained to them that the rest of it will be paid within the next few weeks and they seemed ok with taking a payment of 100 dollars. I was excited too that yesterday my efund was at 216 dollars...today it's 116...but I can't touch 100 of it due to minimum balance restrictions at my bank. I still have my 440 dollars in my ING account but we figured we would leave that in there because it takes a few days to transfer anyway and if we can make them happy with 100 dollars for right now there's no use raiding the account when it will be paid off in a few weeks anyway. And to top it off we might need to use it for another account, because low and behold ten minutes later we got another collection call from a different company (I think) saying that he needed to call them back, yada yada yada...we didn't pick up the phone for that one.
I can't wait for dbf's closings on his sales, we need that money so darn bad! My accounts are all ok but his are all in collection. I have managed to stash some money into savings (see above) but we raid it often just to keep him from getting into too much trouble. He doesn't want to take my money that I am trying so hard to save but when things get bad enough I offer it. He's slowly digging himself out of this hole he's in, and these two closings coming up will get him more than back in positives.

Hello,
I'm sorry you had to dip into your emergency fund to pay for a debt, but if that was the only way it could be paid for and they'll accept the $100 payment for now, you're ahead of the game! As soon as that debt is paid off, you can send the $100 a month (or whatever the payment setup was) to your efund, knowing that you didn't incur any extra debt to try to make that payment.
I'm giving you a big pat on the back for keeping the rest of your savings intact, even when you have collections hanging over your head. You'll never know when having that little bit of savings stashed away will help keep you from charging an unexpected bill!
We have $14000 from my husband's severance check in an Ing Direct account, untouched until we *absolutely* must use it, because I'm the only one with a steady income right now. That money was an unexpected bonus that is currently earning interest and giving me a way to stop worrying what will happen if I lost my job too. (We'd use the severance to pay bills until I found another one!)
I do have an efund too, which is at $770 now. Since my DH is working a temp job (started last week woohoo!) we can fill up that efund to $1000 and send some extra money toward debt!
Sincerely,
Lindsey Schocke
Sincerely,
Lindsey Schocke
Geeks on Tap: Mission Accomplished