Umbrella Holes

Is your rainy day nest egg getting wet?

I strongly suggest people have 6 months of living expenses squirreled away to cover the unexpected like a layoff or injury. I have been re-evaluating our emergency fund.

With gas prices so high for months, we need to set aside even more to have 6 months covered. I know the price of oil has come down and it is partially reflected in the local $3.89 per gallon. However, looking back over the past six months, I feel we need to increase our savings.

Tough thing to do but we're both on board with the goal. That's key to any family budget plan. Unity, agreement, and commitment.

For now we are limiting our eating out and shopping for staples at discount stores. Yesterday we picked up toilet paper and garbage bags at a Dollar General store on our way to WalMart for groceries and softener salt. I have decided not to renew some magazines subscriptions I can live without. There's always the library.

Bob is an independent contractor and is expecting a big check from one client. We will be careful with it. I project we'll get to our goal by year end, slowly but surely.

'til later