I have an emergency fund problem. That problem being that I don’t really have an emergency fund.
Well, I kinda do.
My emergency fund is big enough that I’m comfortable and growing I’m by the month. The problem, is I’m growing that emergency fund with the intention to use most of it to kill off my student loans at the end of this three years. The bigger problem is, at this current rate, I won’t even have grown it enough to do just that!
So here I am, with an emergency fund that I am forcing into double duty. Knowing that I am currently not growing it quickly enough (or paying down my debt quick enough), I am very hesitant to use it! Like this last week. When the temperature dropped to -10 fahrenheit. And my car refused to start. For six days.
Luckily for me, the car finally started yesterday and I didn’t end up spending a ton of money unnecessarily… so maybe my emergency fund problem isn’t that bad after all!
Anyone else hesitate to use their emergency fund in a certain situation, even though it’s there for that very reason?!