Since my last update might have left you waiting on pins and needles, it seems only fair to start out by saying that I have procured a job as a documentation specialist - a huge relief. In addition, I was offered an odd job that cooperates with my full-time hours, and I’ve decided to take a stab at doing both. This news was so good to us we went on an impromptu, unbudgeted dinner out (this is a tradition we have when a new offer of employment is given and accepted - it all comes out in the wash eventually). After this light-hearted frivolous expenditure, we decided to buckle down and get back to our budgets - which was a lot more fun now that there was no need to be running a deficit for the month of September.
As readers may have noticed, things have been a little quiet at The Frugal Bunch. There have been a few major changes to Mr. and Mrs. FB’s lives lately, and it got a little hectic.
Late last month, I, Mrs. FB, started having trouble with my left arm, which quickly escalated. To make a long story short, an underlying health condition (hopefully acute) was discovered, and we had to make the difficult decision for me to leave my employment (which strongly relied on constant movement and lifting).
Emergency funds are tricky things. While my husband and I steer towards the 6-8 month emergency fund mark, others are comfortable with the 3-6 month timeline that is most commonly recommended. Still others prefer to have a full year’s supply of cash on hand. Let’s walk through how to determine how much should be in your emergency fund.
I spend most of my spare time playing with spreadsheets, my violin, or planting vegetables in my garden in hopes of bringing new insights into frugal living. Please enjoy, and don't forget to sign up for our monthly newsletter here.
Disclaimer - Mrs. FB is not a financial advisor. Nothing in these articles should be construed as investment or other professional advice, but rather personal opinion. Some links in these posts may be to affiliate sites - no products are advertised through this site that have not been personally used by the FB family unless expressly labeled.