Having an older vehicle for the past six years, sadly the picture above became a common one to me. Jimmy (yeah I named my Jimmy, Jimmy. Very creative I know) has stranded me multiple times over the years in quite a variety of places. Always in the middle of nowhere. Multiple times in New Jersey farmland, a small town in Tennessee and the Everglades here in Florida. Just to name a few. Anyway, having a reliably unreliable vehicle can get pretty costly really quickly.
I used to drive around constantly worried about when my next break down would be and how in the world I would pay for it. After going through Dave Ramsey's Financial Peace University I learned about Dave's suggested 7 Baby Steps and number 1 is a $1,000 emergency fund. $1,000 is a lot of money to someone like me who doesn't really make a lot, but thankfully I had been saving up for some furniture and misc clothing that could be relabeled to be my emergency fund.
Now, that was no fun for the future shopping spree I was planning, but after Jimmy did this a week ago, I was sure glad I could take him to a repair shop and not be too freaked out about where the money was going to come from. Good thing too because the repairs came to about $500!! Oh Jimmy, now the game plan is to save that $500 again and refill my emergency fund. After it saving me a bundle of stress I can't imagine not having an emergency fund.
Any questions about saving money or budgeting? Any tips you want to share with me?
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