Thanks to years of carefully reading, discussing, and applying the advice posted on this sub, my husband and I knew better than to touch our emergency fund when purchasing our first home a little over a month ago. That 6-month e-fund was a hard-won victory on a grad student stipend and a nonprofit employee salary, and it was emotionally very difficult to wait for a home until we could afford to put down at least 20% and avoid PMI without using those funds. But we did it.
And so when Friday rolled around and my husband’s vehicle was totaled in a 3-car accident - the vehicle he needed to get to his brand new post-PhD job starting Monday - the only question I had to worry about asking was “are you okay?”
Last night we bought a reliable used car with cash. We have about 25% of the e-fund left, and can’t wait to start rebuilding it at an accelerated pace with his new salary. We are so grateful to this community for setting us up for success during what could otherwise have been a much more stressful time.
Submitted January 22, 2019 at 02:25PM by Fillorian http://bit.ly/2FHM3nE
