10 thoughts on “4 Ways to Jump Start an Emergency Savings Account

  1. Great ideas Mel! I need to call and see if I can get my insurance (car) lowered and I need to look into my cell phone plan too. I’ve already cancelled TV and I can’t lower my internet bill because I have to have the pkg I have to get enough speed for my freelancing. I put $20/month (minimum) toward my EF, so about $5 week. It’s not much, but it helps. I am hoping to hit $1500 before the end of the year.
    Kayla @ Kat Script recently posted…Model Behavior – I think I missed my calling.My Profile

  2. Nice tips! I am usually not comfortable calling to negotiate with bills, but lately have realized it can be totally worth it. I have sold a few things on Tradesy, and just listed a whole bunch of clothing I know I won’t wear post-baby (tiny miniskirts?! What was I thinking?). I’m hoping to make an extra $50 or so there!
    Alexandra @ Real Simple Finances recently posted…Financial Checklist for BabyMy Profile

  3. Make sure you save your savings. If you trim the cable bill by $10 a month, automatically transfer that amount into your emergency fund each month.

    Also, just realize that small amounts help. Right now, we’ve got some other, bigger goals, which means I can’t dump a bunch of money into the EF to bulk it up. Instead, I put in $50 a month. It’s not enough for me to miss it, but it’s slowly growing the balance.
    Abigail @ipickuppennies recently posted…Things a specialist shouldn’t do: laughMy Profile

    • I feel the same way. I stopped stressing over putting a lot in and made putting in $100 a month a goal until it hits $10,000, which will actually be several years. I don’t even make every month, but it’s still growing bit by bit.

    • Totally didn’t even think of automating! But you’re right, automating is awesome. At my last job I loved that 401(k) contributions just disappeared from my check. I never even noticed it was happening.

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