After a few years of living well below our means, Girl Ninja and I have managed to save up about $80,000. On average, we spend about $3,500/month. According to my calculator watch, this means we could survive for about two years – at current spending rates – on just our savings. If we cut back [...]
Emergency Fund
I have two investment vehicles established for retirement, My Roth IRA and my 401K. I don’t play favorites with these two accounts and if it was within my control, I would contribute to them equally (unfortunately the federal government puts a cap on Roth contributions). If you follow my net worth updates at all, you’ll [...]
From age 0 to 21, my parents were my emergency plan. I had no job, no income, and no assets. I was dependent. Upon graduation, I got my current job and started putting money in the bank. While it took a few years to completely cut the proverbial umbilical cord from my parents, I am [...]
I’ve had $10,000 sitting in an emergency fund for about two years now. Thankfully I haven’t needed to use it yet (and hopefully wont need to for a very long time). Even though my income and marital status has changed over the last couple years, I haven’t thought twice about changing my E-fund balance. I [...]
Girl Ninja and I don’t own any pets. Mom and Dad Ninja, however, have always been dog lovers. In fact, at one point we had 12 greyhounds in our house (we fostered them until they could find a good home). They’ve scaled things back, however, and now only have three dogs, a boxer and two [...]
As I began the my PF journey a few years ago, I did what just about every financial adviser recommends; I set up my emergency fund. Some suggest saving $1,000 then focus on paying off debt, while others recommend saving up more like three or six months of expenses. Don’t ask me why, but I [...]
