Comments on: 6 Neat Ways to Build Your Emergency Fund http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Sat, 11 Feb 2012 19:58:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-45723 David Mon, 27 Jun 2011 05:23:43 +0000 http://moneyning.com/?p=1200#comment-45723 One of the best way's I would recommend is getting out of your cellphone contract. Calculate the ETF (Early Termination Fee) and then switch to a prepaid provider (for example Tmobile, $30 gives you 1500 talk or text combined with 30mb web) or boost mobile ($50 unlimited with shrinkage $5 every 6 month until you have $35). If you are on AT&T or T-Mobile, you don't need a new phone, you just need an unlock code that you can call your provider and get it free or google it and costs are as low as $1.75 per unlock code. Pretend you are still in contract, The money you save goes directly into your savings fund. One of the best way’s I would recommend is getting out of your cellphone contract. Calculate the ETF (Early Termination Fee) and then switch to a prepaid provider (for example Tmobile, $30 gives you 1500 talk or text combined with 30mb web) or boost mobile ($50 unlimited with shrinkage $5 every 6 month until you have $35). If you are on AT&T or T-Mobile, you don’t need a new phone, you just need an unlock code that you can call your provider and get it free or google it and costs are as low as $1.75 per unlock code. Pretend you are still in contract, The money you save goes directly into your savings fund.

]]> By: Justine http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-42105 Justine Tue, 12 Apr 2011 23:23:42 +0000 http://moneyning.com/?p=1200#comment-42105 Or hey, better idea get rid of the credit card. If you are having such a hard time saving the money you do have then why are you spending it before you get it? Or hey, better idea get rid of the credit card. If you are having such a hard time saving the money you do have then why are you spending it before you get it?

]]> By: AnaRose http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-37928 AnaRose Sat, 22 Jan 2011 04:45:48 +0000 http://moneyning.com/?p=1200#comment-37928 I save all the $2 dollar bills or any other crisp and new bills that I come across with. They're too pretty that I feel bad spending them. I save all the $2 dollar bills or any other crisp and new bills that I come across with. They’re too pretty that I feel bad spending them.

]]> By: Jay http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-37399 Jay Mon, 10 Jan 2011 21:28:45 +0000 http://moneyning.com/?p=1200#comment-37399 I found a cheap gas station that was on the way to a client I saw at least twice a week and filled my tank. I saved the difference between what I was previously paying to fill up my tank, and the cost at the less expensive station. Once I got to 50 bucks, I invented a game. The goal was to take this money and find a way to double it every 30 days. for example, buy bulk jewelry very cheap (maybe a $1 a piece) it retailed for $15, I sell it to my bargain hunting friends for $7. Then I would take that money and ask my friends what kind of items they were looking for. When I ran across the item at a store, or library sale I'd call and ask if they wanted it and name my price. It was like being on a treasure hunt and watching the money from the "game" grow. As with life the "you know what" eventually hit the fan. But I was prepared. So I just started the game again. This year, I am "playing" it much more aggressively. Once I "play" enough to build up a substantial amount I'm looking into coin operated laundry machines, and vending machines. "If you plan for the bad times, you'll only know good...." R. Kiyosaki I found a cheap gas station that was on the way to a client I saw at least twice a week and filled my tank. I saved the difference between what I was previously paying to fill up my tank, and the cost at the less expensive station. Once I got to 50 bucks, I invented a game. The goal was to take this money and find a way to double it every 30 days. for example, buy bulk jewelry very cheap (maybe a $1 a piece) it retailed for $15, I sell it to my bargain hunting friends for $7. Then I would take that money and ask my friends what kind of items they were looking for. When I ran across the item at a store, or library sale I’d call and ask if they wanted it and name my price. It was like being on a treasure hunt and watching the money from the “game” grow.

As with life the “you know what” eventually hit the fan. But I was prepared. So I just started the game again. This year, I am “playing” it much more aggressively. Once I “play” enough to build up a substantial amount I’m looking into coin operated laundry machines, and vending machines.

“If you plan for the bad times, you’ll only know good….” R. Kiyosaki

]]> By: Hesiod http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-37397 Hesiod Mon, 10 Jan 2011 20:42:14 +0000 http://moneyning.com/?p=1200#comment-37397 I have two bank accounts. One is a checking account and another is an interest bearing account. I set up an automatic cash transfer from my checking account every two weeks when my pay check is deposited to the interest bearing account. So, a fund builds up over time (usually about $800/month). I have two bank accounts. One is a checking account and another is an interest bearing account. I set up an automatic cash transfer from my checking account every two weeks when my pay check is deposited to the interest bearing account. So, a fund builds up over time (usually about $800/month).

]]> By: Tom http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-37394 Tom Mon, 10 Jan 2011 19:46:11 +0000 http://moneyning.com/?p=1200#comment-37394 Each time I visit my doctor I pay him cash. I have no insurance. I pay myself in my savings fund the same amount I have to pay him. I started this last year. I am 40 years old. Using this method I plan to retire in about one year. yuk, yuk. Laughter is still this best medicine. Each time I visit my doctor I pay him cash. I have no insurance. I pay myself in my savings fund the same amount I have to pay him. I started this last year. I am 40 years old. Using this method I plan to retire in about one year. yuk, yuk. Laughter is still this best medicine.

]]> By: maxie http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-37383 maxie Mon, 10 Jan 2011 17:01:57 +0000 http://moneyning.com/?p=1200#comment-37383 Another one is to look at the bottom of your grocery receipt and put that phoney look-how-much-you-saved-today amount into savings. It adds up. Another one is to look at the bottom of your grocery receipt and put that phoney look-how-much-you-saved-today amount into savings. It adds up.

]]> By: Cory http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-27400 Cory Tue, 22 Jun 2010 13:06:36 +0000 http://moneyning.com/?p=1200#comment-27400 I manage my emergency fund by rounding up all of my transactions to the closest dime. whether my transaction ends in a .01 or a .59 I round up making them .10 or .60. This method of rounding has put over 100 aside for emergencies oveer the last 6 months. It builds slowly, but being on a tight budget it is nice to just be putting something aside. I manage my emergency fund by rounding up all of my transactions to the closest dime. whether my transaction ends in a .01 or a .59 I round up making them .10 or .60. This method of rounding has put over 100 aside for emergencies oveer the last 6 months. It builds slowly, but being on a tight budget it is nice to just be putting something aside.

]]> By: Kelly from Almost Frugal http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-9092 Kelly from Almost Frugal Mon, 01 Sep 2008 20:20:53 +0000 http://moneyning.com/?p=1200#comment-9092 This post has been included in the 141st Festival of Frugality, going live at Almost Frugal September 2nd 2008. Don't forget to link back to it when you get a chance. This post has been included in the 141st Festival of Frugality, going live at Almost Frugal September 2nd 2008. Don’t forget to link back to it when you get a chance.

]]> By: Scott @ The Passive Dad http://moneyning.com/frugality/6-neat-ways-to-build-your-emergency-fund/comment-page-1/#comment-9018 Scott @ The Passive Dad Fri, 29 Aug 2008 17:42:52 +0000 http://moneyning.com/?p=1200#comment-9018 I really like your creative ideas and recently canceled my gym membership and plan to put the $30 towards emergency account. Lot's of fun ways to cut costs and put it towards savings. I like the gas idea, but it would be hard for me to consistently move money. Some of the other readers have already suggested it, but auto saving is the way to go. I really like your creative ideas and recently canceled my gym membership and plan to put the $30 towards emergency account. Lot’s of fun ways to cut costs and put it towards savings. I like the gas idea, but it would be hard for me to consistently move money. Some of the other readers have already suggested it, but auto saving is the way to go.

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