What is an efund?
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What is an efund?
| Fri, 12-12-2008 - 10:31pm |
I've heard this term a few times here. Is it just an online bank account? Like ING?
Abbie
| Fri, 12-12-2008 - 10:31pm |
I've heard this term a few times here. Is it just an online bank account? Like ING?
Abbie
Sarah
http://finallyasurveysitethatpays.blogspot.com/
Sarah
http://marilynmonroeshop.info
PP is correct... its an emergency fund.... I think most of the "experts" and the people here agree, as you're actively paying off debt you need about $1000 minimum in easily accessible cash.
More then $1000 if:
Teresa
http://www.affordingpickles.blogspot.com
I'm trying to follow the Dave Ramsey plan. I have an emergency fund (efund) of $1,000 in an INGDIRECT saving account ("out-of- sight/out-of-mind"). Yesterday I got an unexpected bill for $490 from my daughter's college. My first thought was to write a check from my home equity line of credit (HELOC). Then I remembered the efund. I just transferred the money this morning. It takes 2-3 business days before it will be in my checking account. Now I must stop paying extra to my Visa and HELOC until I've built my efund back to $1,000.
Mary Jo