misscousinitt's MF Diary

Goldiegirl

Hope you are feeling ok, and greeting back on track.

I always feel more comfortable with a contingency or buffer amount.

Currently I have about £2000 which can be called on for emergency bills, and about £1700, for 'other' additional spending.

These funds will probably be raided for Mr Goldie's dental bill and the solicitors bill we will be getting for preparing our wills.

If I have surplus funds at the end of the month, they generally go into these funds.

It makes me feel secure that I can cover unexpected situations, so I don't worry.

You sound on the right track to me!

misscousinitt

edinburgher wrote: »

Good plans there MCI, it's always positive to have goals to work towards

How would your emergency fund look by the time you reach your savings goal? It's exciting thinking about new houses, but I think we're quite alike in that we like a 'cushion' for security behind us?

Psychic support being beamed your way for the personal issues, life can be tough at times. Nearly the weekend :coffee:

Hi Ed

Thanks for the Psychic support

You are right that we are alike in terms of a 'cushion' of security - though I do think that I worry about it a bit too much sometimes.

The emergency fund in 12 months would roughly be £2700 - perhaps more if I have a bit of spare cash to put in. Maybe £3.5k is unrealistic with the house fund target - but I feel that £3k may be possible - in any case I will be over my minimum target anyway.

MCI

Alchemilla

Lots of hugs MCI.

misscousinitt

Goldiegirl wrote: »

Hope you are feeling ok, and greeting back on track.

It makes me feel secure that I can cover unexpected situations, so I don't worry.

You sound on the right track to me!

Hi Goldie

Thanks for posting.

Getting there slowly I think.

The trouble is with me that although I have the 'cushion'; I still don't feel that secure - really must get out of that...

Thanks for the encouragement though - much appreciated.

MCI

PS Hope Mr Goldie's dental bill isn't too hefty!

misscousinitt

Alchemilla wrote: »

Lots of hugs MCI.

Thanks Alchemilla - could do with them at the moment.

MCI

Radish72

I hate the suggestion that you have enough saved to cover 3, 6, 9 or 12 monhs of living expenses in case of redundancy

So now I'm like, which one do I pick, that suggestion isn't helpful, you should have stopped at 3 months

gallygirl

:grouphug: Dodgy hug from me m'dear x

muddywhitechicken

And me and The Girls :grouphug:

MWCx

misscousinitt

Radish72 wrote: »

I hate the suggestion that you have enough saved to cover 3, 6, 9 or 12 monhs of living expenses in case of redundancy

So now I'm like, which one do I pick, that suggestion isn't helpful, you should have stopped at 3 months

My emergency fund figure takes a few factors into consideration including a small income and the fact that DH would pay the lion's share of the bills - it's mainly for my own expenses that I have always paid. My figure of £2.5k would be 12 months of my own expenses.

gallygirl wrote: »

:grouphug: Dodgy hug from me m'dear x

Thanks GG xxx

muddywhitechicken wrote: »

And me and The Girls :grouphug:

MWCx

Thanks MWC xxx

misscousinitt

Thanks everyone for your kind words and hugs. Going to take me a while to get there - but trying to keep focused on financial targets as a distraction.

So, pay day today - have earmarked £356 to go into the house fund; and £83 to go into the emergency fund. Will update when I have sorted this.

I still have to pay the 50ps in and add those to the house total too - in the meantime, DH has been adding loads of 50ps to penguin, so I think we might well have another £20 to add this month too.

Going to empty owl tomorrow and get some more savings stamps from Mr T.

Got to pay Car Breakdown this month, but DH gives me half.

Hope everyone is well.

MCI