I thought family emergency funds were a waste until last month

Always figured keeping cash locked up for 'just in case' was dumb. My brother kept pushing me to save, but I ignored him. Then our water heater blew and flooded the basement. Fixing it cost way more than I had on hand. Had to borrow from my dad, and that felt awful. Now I'm building a fund and telling my friends to do the same. Never want to be caught short again with family stuff.

3 comments

3 Comments

the_spencer1mo ago

Yeah, calling them a waste is something I said for years. What worked for me was automating a small weekly transfer to a savings account.

stellanelson1mo ago

So does having that automated transfer make the whole saving thing feel less awful now, like you're not just throwing money away?

ray_miller841mo ago

That "throwing money away" feeling is real when I actually see my money. Automating it just means my bad spending decisions have to wait until after the savings come out. It feels less like waste when it's gone before I can think about it.