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Living a More Purposeful Life One Cent at a Time

emergency fund

When to Spend Your Emergency Fund

March 27, 2017 by Penny 18 Comments

Could you come up with an extra $500 in an emergency? What about $5000? The statistics about Americans’ inability to cover emergency expenses are sobering, so it’s not surprising that posts calling for emergency funds are everywhere. Peace of mind for the win. And with all the emergency fund hoopla, there’s even been some debate … [Read more…]

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Posted in: Plan Tagged: budget, car, efund, emergency, emergency fund, expense, health, house, medical, planning, savings, spend your emergency fund

Advice Needed: Savings Accounts…and Stealing?

March 25, 2016 by Penny 26 Comments

Sometimes I think I should turn in my personal finance blogging card. This past week, I’ve been confronted with two different money dilemmas that have me stumped: emergency funds and found money. I understand the basic principles of both. Emergency funds are one of the most talked about topics in personal finance. And na-na na-na … [Read more…]

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Posted in: Savings Tagged: advice, e-fund, emergency fund, found money, gift card, input, pennies, savings

E-Funds & Anchors: The Cheapest $600 Ever Spent

January 15, 2016 by Penny 19 Comments

This week, we paid off Mr. P’s car loan. Approximately 56 minutes after clicking “submit” on the payment, our furnace started squawking. I had a morning appointment to keep, but Mr. P promised to stand at the ready in the basement. I’m not entirely sure what that entailed, but I like to imagine him with … [Read more…]

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Posted in: Save, Spend, Stay Tagged: anchor, budgeting, e-fund, emergency fund, expenses, home, home ownership, home repairs, HVAC, planning
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