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100 Day Challenge Update 3

Goal – Stay within my budget

My main motivation for this goal is to be able to start putting money into a liquid emergency fund. We have money in mutual funds but we may not be able to access them quickly in case of an emergency.

Currently I try to save  so that at the end of one year I have enough money to pay the next year’s property taxes and the car, disability, home and life insurance premiums. I was not able to do that this year so I need to save for that shortfall along with the regular savings and my hoped for emergency fund.

The property taxes and the life insurance premiums come due in the first three months of the year. I had enough for them but we’ve had some unexpected expenses come up and that is putting a wrench in the works.

First the check engine light in the car came on. While it was being fixed my hubby decided to have them fix the rear windshield wiper as well. Then the circulating pump started acting up and we weren’t getting enough hot water for everyone to get a bath/shower.

Now I need to work hard to keep the other expenses down. We’ll be eating out of the freezer and pantry as much as possible and staying out of stores. Hopefully we’ll be able to squeeze out a few dollars over the next three months.

How do you handle unexpected expenses? Where do you keep your emergency fund? Drop me a comment and let me know.

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