Comments on: The 5 Simple Steps to Start Your Emergency Fund https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/ Clear A Path To Financial Freedom. Tue, 28 May 2019 20:59:46 +0000 hourly 1 https://wordpress.org/?v=6.4.5 By: Chris Peach https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/#comment-366 Mon, 04 Sep 2017 20:04:59 +0000 https://www.moneypeach.com/?p=911#comment-366 In reply to Louisa.

Haha! Thanks for catching my typo. Just another bit of proof that I am still human. 🙂

]]> By: Louisa https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/#comment-365 Thu, 31 Aug 2017 14:12:55 +0000 https://www.moneypeach.com/?p=911#comment-365 How do I say this without sounding like a stalker….
I am obsessed with your blog! I’ve been binge reading basically every single post since yesterday. It’s really refreshing to see you tackle subjects that a lot of financial bloggers are overlooking. Thank you so much!!!

Now to be really annoying (but I mean well I promise):
Your underwear drawer is NOT a great place – everyone looks “their” first. — Shouldn’t it be “there”?

]]> By: Janeane https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/#comment-364 Wed, 05 Aug 2015 21:47:47 +0000 https://www.moneypeach.com/?p=911#comment-364 We started a 30 day no spending month for August to tackle our emergency fund. Day 5 and we are feeling pretty good. I am sure by day 25 we will be getting really creative about what to fix for dinner but it will be worth it.
Blessings!
Janeane

]]> By: Peach https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/#comment-363 Thu, 02 Jul 2015 11:34:55 +0000 https://www.moneypeach.com/?p=911#comment-363 In reply to Dr. Penny Pincher.

Your thinking isn’t faulty, just of a different opinion. You are using the math portion of personal finance for your decision making process and I am focusing on the behavior area. Yes, you are exactly right – the interest is much higher on a credit card than on your best money market account or savings account 100% of the time. However, if math were the real problem here, people wouldn’t be in debt. No one says “I can’t wait to carry a balance on this credit card and pay 24% interest for the rest of my life.” A behavior change is what causes you to move the needle in personal finance. This is why I recommend starting your emergency fund of $500 – $2000 to get you through an unexpected rough patch and then getting out of debt. Once all debt but the mortgage is gone, now you can address your fully funded emergency fund. Thanks for the comment Dr. Penny Pincher and you’re not wrong at all. We just have different opinions and on this website I am right and on your website you are right! 🙂

]]> By: Dr. Penny Pincher https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/#comment-362 Wed, 01 Jul 2015 01:45:54 +0000 https://www.moneypeach.com/?p=911#comment-362 It is tough to put money in an emergency fund when you have credit card debt- the interest rates on the credit cards is a lot higher than the likely return you would get on funds set aside in an emergency fund. I think that most people with credit card debt would be better off paying the credit cards as quickly as possible, and then putting money into an emergency fund. Is my thinking on this faulty?

]]> By: Luke Fitzgerald @ FinanciallyFitz https://www.moneypeach.com/the-emergency-fund-the-5-steps-you-need-to-know/#comment-361 Tue, 30 Jun 2015 11:50:29 +0000 https://www.moneypeach.com/?p=911#comment-361 It’s scary how many people neglect funding an e-fund (or think they don’t need one). It’s also amazing that by having an e-fund most of your “emergencies” just disappear. We’ve never had to use ours (yet) but there will never be a day we go to sleep without an e-fund.

]]>