OK, April was a total buzz kill in terms of saving money this month. I would LOVE to be able to write that we were on FIRE, but in reality, it was a dumpster fire when it came to finances. As the old saying goes, it’s always something and we have found this to be unapologetically true, and the very reason those of us who are on a debt free journey start yelling from the roof tops, “You need an emergency fund!” and in no way shape or form is $1,000 enough, period!
There are all kinds of thoughts out there about how much you should have on hand before you begin to be gazelle intense with your debt payoff. For us, it is our belief that you need a minimum of $5,000 saved in an emergency fund because, $1,000 doesn’t cover squat!
This past month we were slammed with an unexpected $5,600, and $445 vehicle repairs AND hundreds in medical bills.. A measly $1,000 would not have put a very large dent into this situation.