Fully-Funded Emergency Fund!
It's official. My emergency fund has hit a HUGE mark!!
$15,000!!!!
I can't believe that in the two years that I have been working full time, I have been able to save such a significant amount of money! :) (Okay, so technically it's at $15,036...)
It's enough to cover 10 months of expenses. It's also enough to cover some of the items I outlined a year ago and probably things I haven't thought of, either! I am so excited to have reached this milestone in my personal financial journey.
Now the question is... what do I do with the $150 I was funneling into my E-fund on a monthly basis? I have some ideas that I'll post about soon!
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7 comments:
Yay Well done! It's a great feeling.
I never realised the feeling of security that would come from having a large ef, it's hard to explain; I hope you're feeling it too :-)
That's awesome! On my income it would probably take me 15 years to save that but I do make a point to save every month no matter how little. Always have.
Woohoo!! That is awesome! Oooh so jealous of you right now... but also very happy for you. :) Congrats!
That is terrific, and motivational. Someday I,d like to be in your shoes.
Awesome! Now save for some travel, retirement, invest in an index fund, save for a new car? So many choices. I am currently saving for a vacation, IRA, furniture, two weddings/bachelor parties, and a downpayment. If you have no goals yet, set some!
That is so great!!!
How long did it take you to save this amount??
@Laura - It is definitely a great and weird feeling! :)
@Frugalista - You are doing exactly what you should be...SAVING! Keep it up.
@MPP - Also jealous of you with your awesome dream job and your boyfriend! I'm single ;)
@Anon - Yes, soooo many choices!
@SS4BC - I started building my E-Fund with a $50 check from one of my college professors upon graduation. So, it's taken me almost exactly 2 years... the money came from monthly budget leftovers, tax refunds, bonuses at work, and random other windfalls!
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