Fully Funded Emergency Fund! Also, Bonus From Work!

Richard received another great bonus from work this week. WOO HOO! We were very excited. Here’s what we plan to do with the money:

Total Received: $7,460.40

Emergency Fund – $4,824.47
R. Ipod – $350
Dinner – $75
Florida Trip (will post about this soon!) – $1,500
Hose – $40
May Overage – $229
Grass Trimmer – $75
R. Car – $400

See that very specific number up there beside “Emergency Fund”? It’s so specific because that’s the exact amount we needed to fully fund this… fund! That’s right, WE NOW HAVE 6 MONTHS WORTH OF LIVING EXPENSES STASHED AWAY in case something bad happens. That’s $15,000 we managed to save in about a year’s time. I can’t even begin to express how very happy and giddy I am about this accomplishment. I feel so much more comfortable knowing that we have that money set aside in case we need it. Now our main focus is paying off the $6,600 left on Richard’s care and then we can start saving for a HOUSE! Yippie!

I’d eventually like to have a year’s worth of living expenses in our emergency fund, but our goal was 6 months, pay off car, house – and THEN we can get that extra 6 months saved. I’m just so excited that we reached this goal. I’m so proud of us.

Richard should go buy a tuxedo and I’ll get a fancy dress and we will go celebrate our success!

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Comments
  1. Barbara says:

    It’s great that you were able to save up that much money. So many people around your age just live paycheck to paycheck and aren’t prepared for when something bad happens. keep up the great work.

  2. Erica says:

    you have no idea how much I hate you right now. ๐Ÿ™ I’d kill for a bonus like that every so often *goes off in a corner and pouts*

    with that said, I missss you!!! lol once things arnt so crazy with stupid work training on the weekend I need to come visit

  3. renee says:

    Good for you! Having money stashed away is so important. If my husband ever came home from work with a bonus of even $100 i would probably pass out! lol

  4. Cassie Howard says:

    thanks gals! im very happy. ๐Ÿ™‚

    and yes, erica – hangouts need happen soon! especially now that the weather is so nice.

  5. Amanda says:

    WTG!!! That’s awesome, what a great accomplishment!!! You must be very proud of you and your husband!!! I love your blogs ๐Ÿ™‚

  6. Cassie Howard says:

    thanks amanda!! and yes i am very proud. ๐Ÿ™‚

    thanks for the nice comment ๐Ÿ™‚

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