Thursday, April 15, 2010

Deer Interference

Well, I had good intentions of posting last night but on our way home from our Financial Peace class a deer ran into our car. Thankfully, we have full coverage on this one. I have driven this road multiple times a day for 20 years and never hit a deer. It was dusk and they were moving all over the place. We had to wait for the police officer for over an hour and a half because he was at 2 other deer hits. One of my husbands coworkers came and took the deer and will process it for venison.

So, let's talk about the emergency fund that we learned about in class. Dave should start with $1000.00 in a savings account so that when an emergency comes up it ends up not being such an emergency and you won't have to use those dreaded credit cards to pay for your "emergency". If our incident last night had been our fault we would have had a $500 deductable or if we had been driving any of our other cars they wouldn't have been covered. This would have put us in a very tight spot without an emergency fund. Thankfully, we were able to sit there and wait and not worry, blame or argue about the financial cost of a silly deer not stopping for traffic.

Here are a few ideas to help you fund an emergency fund.

  • have a garage sale

  • work extra hours if available

  • child care for someone

  • eat out of your pantry for a month

  • stop eating out until it's funded

  • trim your grocery budget

  • cut your cable to the very basic or totally out until it's funded (easier in summer)

  • tell your kids !!!NO!!!!!

  • sell a vehicle or "toy"

  • do odd jobs for someone else



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