Honestly didn't think I'd ever see my emergency fund hit $5,000

Tbh, I've been putting $50 from every paycheck into a separate account for about two years now. Just checked the balance this morning and it's sitting at $5,127. It feels huge because my car is old and I was always scared of a big repair bill wiping me out. Has anyone else hit a savings number that made you feel way more secure?

2 comments

2 Comments

grantl945d ago

What's the first thing you'll do with that safety net now?

rubyreed5d ago

First step is to stop the bleeding, cut any dumb spending you were letting slide. Then build up a real emergency fund, like three months of bills minimum, in a separate account you don't touch. After that's solid, you can finally start putting money toward actual goals without constantly worrying. It's boring but it changes everything.