Oh, lord. The hits keep coming. Back in January, our heat pump (it’s like a combination air conditioner/heater) was making weird noises and our electric bills were really high. I had someone come out and they said the compressor was weak and recommended replacing the unit for $3,000 (it’s 10 years old – about the [...]
Posts Tagged ‘Emergency Fund’
I Think We Need a Bigger Emergency Fund
Posted in Spending, tagged Emergency Fund, Heat Pump on April 29, 2008 | 1 Comment »
Define “Living Paycheck to Paycheck”
Posted in Spending, tagged Debt-Repayment, Emergency Fund, Living Paycheck to Paycheck, Savings, Spending on April 18, 2008 | 16 Comments »
The phrase “living paycheck to paycheck” gets thrown around a lot, but the truth is, I don’t really understand what it means. Here are some possible definitions: Not having enough money in savings to survive for a reasonable amount of time without a paycheck (i.e., not having a three-month emergency fund) Spending your entire paycheck [...]
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