• Semi-Hemi-Lemmygod@lemmy.world
    link
    fedilink
    English
    arrow-up
    26
    arrow-down
    1
    ·
    9 months ago

    That’s my problem: I start saving and then suddenly I have a huge expense and I need to empty out my savings. Happens at least every six months.

    • PhilipJFryJr
      link
      fedilink
      arrow-up
      33
      ·
      9 months ago

      I’d argue that’s proof of your emergency fund working! You were able to save enough money to cover an unexpected expense/emergency without having to go into credit card debt.

      Kudos! You should feel proud of yourself!

    • GBU_28@lemm.ee
      link
      fedilink
      English
      arrow-up
      18
      ·
      9 months ago

      It sounds like you built and then benefitted from an emergency fund. Nice!

    • tyler@programming.dev
      link
      fedilink
      arrow-up
      11
      ·
      9 months ago

      That means it’s working. You’re doing exactly what you need to and it’s absolutely paying off!

      • Semi-Hemi-Lemmygod@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        ·
        9 months ago

        I cook at home mostly, I don’t go on vacations, my cars are both at least 8 years old, and I live in a low COL area.

        I guess I could kill one of my children but I don’t think that would make economic sense.