Financial Fasting: Day 8 | Saving | Emergency Fund | Mindset Shift | Michelle Singletary

[@being_mech5615]

Are you contributing regularly to your savings ?

[@so.many.obstacles]

Yes, every two weeks. I’ve been able to save three months of living expenses and several sinking funds.

[@being_mech5615]

@@so.many.obstacles Congrats !!! That is such a huge accomplishment. Is your goal to get to 6 months of living expenses ?

[@jolitac5049]

I'm working on my emergency fund and putting funds in their each pay and not taking money out until I at least have $1,000.

[@being_mech5615]

I want to commend you on taking the steps to start your emergency fund. While I know 1,000 will not solve every problem it gives a peace of mind knowing you have something.

[@jolitac5049]

Thank you

[@so.many.obstacles]

My sinking funds are in a HYSA, my monthly expenses account is in a brokerage account.

[@being_mech5615]

I haven't come across anyone who has their monthly expenses in a brokerage account. How did this come about ?