07/19/2026
What is an emergency fund?
It is a $1000 saved to pay for emergencies while you are paying off debt.
Emergencies are: blown tires, unexpected medical expenses or vet bills, car repairs, and appliance repairs etc.
It is not: things you forgot to budget for like holidays, birthday parties and back to school shopping. Or buying pizza for dinner because I didn’t have time to grocery shop, etc.