It seems like ever since my husband and I have been married, we’ve had a goal of getting $15,000 in what I like to call the “Oh crap, I lost my job” fund. Every year I think we’re going to hit it and then every year we miss. This past year we barely managed to have any net gain at all in the account. It basically started out the same as it finished. I decided that we need a change in perspectives.
Sometimes when you have a hard time hitting your financial goals, you need to change you rather than try to do things the “traditional” way. For us, it’s realizing that we need a place where the money is 100% hands off, no touching, EVER. To that end, I’m starting a second Savings fund. I’m calling this one our “Emergency” fund. This one can be touched. This one is for when the car breaks and it’s more than $500 or the furnace goes or the water heater. Big stuff. Emergency stuff. I’m hoping that knowing I have money I can touch versus money that absolutely shouldn’t be touched will help us hit our goal by the end of the year.
Wish us luck!