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Monday, February 25, 2008

FPU Update: Immediate Emergency Fund Fully Funded

I did not think it was possible. For some, the amount is a drop in the bucket. For my family, no way. At first I laughed off the call to raise $1,000 for the sole purpose of a short term immediate cash emergency fund. I believed eventually we'd get there, over the next six months. I budgeted a certain amount each paycheck and thought "If we don't have an emergency, we'll get there."

We started on Feb 2 and now yesterday, Feb 24, we crossed over $1,000. Twenty two days. I sold some stuff on ebay and craigslist. Matter of fact, we have some extra cash and will pay off two medical bills that we've been paying on for the last two years.

10 comments:

Carla Stream said...

WOOT! Way to go!
I have hope.

Katie R. said...

Hooray Steams! This is so exciting. Proud of you, way to go guys.

Swampy-Rah said...

Yaaay!

the Feltons

Jason said...

Sounds like you got a good start on that snowball!

Pat Stream said...

Jason - thanks for stopping by! Have you gone through FPU?

Jason said...

Yes, my wife and I went through FPU a year ago and are going through it again. We originally decided to go through it again to see the new material, but have found that the class has really focused our attention again.

It is really amazing to do things that you never thought possible...we established our BEF and paid off over $15,000 in debt our first year!

I have found a great resource for info, a message board at www.llnoe.com.

~Jason...aka "Annonymous"

SuperJETT said...

Amazing!

Pat Stream said...

Jason and superjett - thanks for stopping by. I signed up at llnoe.com

Keithslady said...

You're inspiring!

erin said...

Amazing, Pat!
God is so good!