Comments on: How an Emergeny Fund Can Save You Thousands Each Year! http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: Debt Blitzkrieg » Blog Archive » How about that emergency fund? http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-92280 Debt Blitzkrieg » Blog Archive » How about that emergency fund? Wed, 28 Mar 2007 08:35:39 +0000 http://allthingsfinancialblog.com/?p=1213#comment-92280 [...] MORE READING Get an Emergency Fund Now! How to Create an Emergency Fund How an Emergeny Fund Can Save You Thousands Each Year! Emergency Funds: How and Why You Should Get Started Right Now Automate Your Emergency Savings How I Plan To STAY Out Of Debt Non-Millionaire’s Guide to Retirement [...] [...] MORE READING Get an Emergency Fund Now! How to Create an Emergency Fund How an Emergeny Fund Can Save You Thousands Each Year! Emergency Funds: How and Why You Should Get Started Right Now Automate Your Emergency Savings How I Plan To STAY Out Of Debt Non-Millionaire’s Guide to Retirement [...]

]]> By: Silicon Valley Blog About Money, Finance, Geek Culture and Cyberspace http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-43800 Silicon Valley Blog About Money, Finance, Geek Culture and Cyberspace Fri, 10 Nov 2006 15:39:45 +0000 http://allthingsfinancialblog.com/?p=1213#comment-43800 [...] To be prepared and anticipate the twists and turns of outrageous fortune. This is what an emergency fund is all about: don’t get caught with your knickers down! [...] [...] To be prepared and anticipate the twists and turns of outrageous fortune. This is what an emergency fund is all about: don’t get caught with your knickers down! [...]

]]> By: NCN http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-30209 NCN Fri, 06 Oct 2006 15:32:36 +0000 http://allthingsfinancialblog.com/?p=1213#comment-30209 All Financial Matters, Great, great post. I love it when analysis and common sense go hand in hand... Your blog is awesome, NCN This comment is part of my "100 Comments Series" over at No Credit Needed. All Financial Matters,
Great, great post. I love it when analysis and common sense go hand in hand…

Your blog is awesome,
NCN

This comment is part of my “100 Comments Series” over at No Credit Needed.

]]> By: And You Retire » Six Random Links: October 5, 2006 http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-29703 And You Retire » Six Random Links: October 5, 2006 Thu, 05 Oct 2006 09:46:25 +0000 http://allthingsfinancialblog.com/?p=1213#comment-29703 [...] (1) How an Emergeny Fund Can Save You Thousands Each Year! - allthingsfinancialblog.com [...] [...] (1) How an Emergeny Fund Can Save You Thousands Each Year! – allthingsfinancialblog.com [...]

]]> By: Juston Garland http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-29499 Juston Garland Wed, 04 Oct 2006 23:39:48 +0000 http://allthingsfinancialblog.com/?p=1213#comment-29499 We can see the benefits of having an emergency fund set aside for ourselves, and are glad you was able to save big money. The real problem most people have is saving enough money to reach that point. A lot of Americans live paycheck to paycheck and find it very difficult to get ahead. I think you should start out very small maybe $25-$50 dollars per paycheck and pay yourself first. I know some bills may arive and you need to pay that in order to avoid disconnection, but don't let that stop you. Pay yourself before you pay the bills, this will be one of the most important steps in reaching your goal. Please don't let your main bills get disconnected like rent, water, or electric just bills you can do without. You may want to consider setting up a savings account with a safe and secure bank like www.ing.com. There you can connect the account to your current bank, and make easy transfers or you can have them deduct the amount and put it into your savings account for you. A bank like ing is always very competetive when it comes to high interest rate savings account and you can have the money fast if you ever need it without leaving home. Most big banks I have found seem to be offering low interest rates on money market accounts and withdraw the interest you have earned wile making a withdraw and you may even have to take out a 10% penalty for taking out early. These accounts can be good and not avoided, just learn about them before you jump into one. After setting your account and building it slowly you will find you have more money and can reach your goal of savings for the emergency fund every American should have. We can see the benefits of having an emergency fund set aside for ourselves, and are glad you was able to save big money. The real problem most people have is saving enough money to reach that point. A lot of Americans live paycheck to paycheck and find it very difficult to get ahead. I think you should start out very small maybe $25-$50 dollars per paycheck and pay yourself first. I know some bills may arive and you need to pay that in order to avoid disconnection, but don’t let that stop you. Pay yourself before you pay the bills, this will be one of the most important steps in reaching your goal. Please don’t let your main bills get disconnected like rent, water, or electric just bills you can do without. You may want to consider setting up a savings account with a safe and secure bank like http://www.ing.com. There you can connect the account to your current bank, and make easy transfers or you can have them deduct the amount and put it into your savings account for you. A bank like ing is always very competetive when it comes to high interest rate savings account and you can have the money fast if you ever need it without leaving home. Most big banks I have found seem to be offering low interest rates on money market accounts and withdraw the interest you have earned wile making a withdraw and you may even have to take out a 10% penalty for taking out early. These accounts can be good and not avoided, just learn about them before you jump into one. After setting your account and building it slowly you will find you have more money and can reach your goal of savings for the emergency fund every American should have.

]]> By: Blazer86 http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-29298 Blazer86 Tue, 03 Oct 2006 22:44:59 +0000 http://allthingsfinancialblog.com/?p=1213#comment-29298 Great analysis. I finally got around to doing this last spring. We already had our car insurance rates at pretty high level, but raised deductible on our homeowners, put 80% of the savings into a personal liability umbrella so my assets aren't at risk if something really bad happens. We ended up money ahead AND I sleep better knowing I've got the $$ if something goes wrong...which it just did. We had a plumbing emergency today which is no doubt going to cost us $200-300 to fix, but we've already earned more than that in interest on the money in the emergency fund, so by my (admittedly silly) math, fixing the plumbing is FREE! Great analysis. I finally got around to doing this last spring. We already had our car insurance rates at pretty high level, but raised deductible on our homeowners, put 80% of the savings into a personal liability umbrella so my assets aren’t at risk if something really bad happens. We ended up money ahead AND I sleep better knowing I’ve got the $$ if something goes wrong…which it just did. We had a plumbing emergency today which is no doubt going to cost us $200-300 to fix, but we’ve already earned more than that in interest on the money in the emergency fund, so by my (admittedly silly) math, fixing the plumbing is FREE!

]]> By: samerwriter http://allfinancialmatters.com/2006/10/03/how-an-emergeny-fund-can-save-you-thousands-each-year/comment-page-1/#comment-29282 samerwriter Tue, 03 Oct 2006 19:56:23 +0000 http://allthingsfinancialblog.com/?p=1213#comment-29282 Great article. I keep thinking I should review all my insurance policies, but just haven't gotten around to it (for about three years now...). Seeing the potential savings drives home the urgency :) Great article. I keep thinking I should review all my insurance policies, but just haven’t gotten around to it (for about three years now…).

Seeing the potential savings drives home the urgency :)

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