Husband had been working at a big box home improvement store for a few months and as summer was approaching, he started to notice a little increase in his hours at work but also what was expected of him to do while at work. He started to get a bit grouchy and then started looking for a job where he could use some skills he enjoyed and wanted to learn more of - small engine repair. After some searching and sending in a few applications, he was hired at another place. He was excited!! Set schedule, set hours and a bit of a pay raise. So far, he is still enjoying the job and enjoying having his weekends off (for now as there is a possibility of Husband working a few hours on Saturday mornings).
So what has this to do with us? There was about three weeks where it was back to me earning most of the money for us. It was a little tight and to be honest, I had not planned well for it. I began to see the need for an emergency fund for just this type of situation, or other situations you may not have planned for and find yourself facing. What if this happened with us again? Would we be prepared to wait another time between jobs for money to start flowing again? Are we prepared to make a jump from one job to the next without being hurt financially? Or wondering how we are going to do this for a few weeks with just one income when we have been used to two incomes?
So, we have started saving money and seem to be a bit back on schedule with our savings. Definitely need to make sure we are prepared for a job switch in the future, if there is to be a job switch. If this happens to you, are you prepared? Are you ready to take on the fact that money may be tight for awhile? This is definitely something you and your spouse or partner need to discuss.
How do you prepare for an emergency fund in your life? Let me know some of your tips and tricks to building an emergency fund for "just in case" moments.
Thanks!!
Jenn
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