Comments on: Building Emergency Savings While Eliminating Debt http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/ Debt free, financially independent and retired early Sun, 30 May 2010 04:01:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Zach http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/comment-page-1/#comment-31315 Zach Mon, 28 Jan 2008 22:44:39 +0000 http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/#comment-31315 One of the major things I've realized is making sure I have an emergency fund for those situations that you don't expect. If you have an emergency fund and something unexpted happens it won't derail your savings goals. ING Direct offers a way to split your account into "defined" segments. I have "emergency" "down payment" "savings 1" and "vacation" I can allocate how much each section get whenever I want. If you want a referral link to get a $25 kickstart (only if you begin with at least $250) that is automatically deposited to your account, shoot me an e-mail at z3trkrnr@ gmail.com One of the major things I’ve realized is making sure I have an emergency fund for those situations that you don’t expect. If you have an emergency fund and something unexpted happens it won’t derail your savings goals. ING Direct offers a way to split your account into “defined” segments. I have “emergency” “down payment” “savings 1″ and “vacation” I can allocate how much each section get whenever I want. If you want a referral link to get a $25 kickstart (only if you begin with at least $250) that is automatically deposited to your account, shoot me an e-mail at z3trkrnr@ gmail.com

]]> By: mnc http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/comment-page-1/#comment-11505 mnc Mon, 03 Sep 2007 07:03:20 +0000 http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/#comment-11505 One of the real keys with an emergency fund is that it allows you the comfort to rest a little easier knowing that you have that cushion if you need it. In our case, I tend to be a little more aggressive with my eFund as I look at it as income replacement should I lose or leave my job unexpectedly. One of the real keys with an emergency fund is that it allows you the comfort to rest a little easier knowing that you have that cushion if you need it.

In our case, I tend to be a little more aggressive with my eFund as I look at it as income replacement should I lose or leave my job unexpectedly.

]]> By: Mark Andersen http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/comment-page-1/#comment-11501 Mark Andersen Mon, 03 Sep 2007 05:09:45 +0000 http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/#comment-11501 It was fun traveling back in time. I hadn't thought about an emergency fund that large before, we've got 2 weeks' expenses saved up right now, not 2 months. I can see why it would be a good idea though, but since we live fairly cheaply, it's not as much of a stretch I think for us. It was fun traveling back in time. I hadn’t thought about an emergency fund that large before, we’ve got 2 weeks’ expenses saved up right now, not 2 months. I can see why it would be a good idea though, but since we live fairly cheaply, it’s not as much of a stretch I think for us.

]]> By: Saving for Retirement While Eliminating Debt » My New Choice http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/comment-page-1/#comment-3 Saving for Retirement While Eliminating Debt » My New Choice Wed, 16 Aug 2006 18:51:15 +0000 http://www.mynewchoice.com/2006/08/12/building-emergency-savings-while-eliminating-debt/#comment-3 [...] Similar to an earlier article about building emergency savings, many people wonder whether or not they should be saving for retirement while in the process of eliminating their debt.While the answer to this question will vary from person to person, there are a couple of general concepts to consider when deciding what is the appropriate course of action for your situation. Here are questions to answer in order to help with your decision: [...] [...] Similar to an earlier article about building emergency savings, many people wonder whether or not they should be saving for retirement while in the process of eliminating their debt.While the answer to this question will vary from person to person, there are a couple of general concepts to consider when deciding what is the appropriate course of action for your situation. Here are questions to answer in order to help with your decision: [...]

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