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How's Your EF?

June 30th, 2015 at 06:59 am

The home of an acquaintance of DH's burned to the ground. Very, very sad but thankfully the family is all fine.

The older I get the more I appreciate the value of an EF. Disasters takes such an emotional toll on us humans. If you are able to take the financial aftermath in stride you are able to heal so much more quickly.

How is your EF?
If you don't feel that you are fully ready to financially handle a huge disaster, can you add just a little bit to the EF next payday? Do it for the people you love (which hopefully includes yourself).

8 Responses to “How's Your EF?”

  1. CB in the City Says:

    Goodness! What a tragedy, but in the long run, it's only stuff. Glad everyone is safe.

    "A Tree Grows in Brooklyn" was my favorite book when I was a young teen. I read it again about 10 years ago and enjoyed it just as much!

  2. snafu Says:

    Coincidently, as I ran the numbers for anticipated extra expenses in July, I concluded it is time to move some dollars from cash to an ETF...especially relevant after yesterday's bargains.

    I'm very concerned about the possibility of fires since we live in a condo complex that is transitioning from mostly seniors to young groups who pool resources for these 4 bedrm units in need of updating. They plan to do the work and flip them in two years for double their purchase price. If they do something really stupid there is potential for fire...inexperienced workers have caused serious fires in new builds!

  3. scottish girl Says:

    So sad Frown I am not financially ready to handle a huge disaster.

  4. My English Castle Says:

    I guess we're ready, but what a horrible thought.

  5. FrugalTexan75 Says:

    I could handle it.

    That is such a hard thing to go through. I hope no animals or humans were hurt?

  6. rob62521 Says:

    Glad the family didn't get harmed in the fire.

    Our EF is good. Hopefully we won't need to use it.

    I inherited a copy of a "Tree Grows in Brooklyn" from my great aunt...she bought it when it was published. I reread it about every year...Francie and I have some similarities.

  7. LivingAlmostLarge Says:

    Good but we are about to tap it so perhaps that's why. We basically turned our EF into a FU fund.

  8. VS_ozgirl Says:

    Our EF is pretty much a mini EF at this stage. We could handle an insurance excess or expensive house/car repair but not months of unemployment. But we're working towards it Smile

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