Tag: emergency fund
Dodged a Bullet: But the Emergency Fund Was There If I Hadn’t
What do you get when you combine water, untreated wood, and a two-story porch that may have been poorly designed? You get severe water damage and a $7,500 estimated repair bill. Ouch. Thankfully, this costly repair will burden my neighbor’s finances and not mine. But up until a couple of days ago, I wasn’t so…
Is An Emergency Fund Beyond 5K Overkill?
Last week, I came across a post by Greg McFarlane over at Investopedia called, Why Emergency Funds Are a Bad Idea. And before I weigh in on the crux of his argument, I thought I’d review my emergency fund experience. My Emergency Fund Experience First off, Mrs. Groovy and I got very lucky when it…