Lessons Learned in Hard Times

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When times get hard, we buckle down and cut out most if all of our excess spending. This summer has been one of the hardest in my life, and the most uncertain time I’ve been through in a very long time.

I’ve been through varying stages of emotion over it, i feel that I single handedly catapulted us into disaster and only by the hair on our chins did we pull out of it.

I was unemployed when my husband was put on a four day week because there wasn’t enough work to do and that is just now over. I’ve been employed now for three months and I think we can finally expect our finances to loosen up, in about a month.

But boy have I learned a lesson. I never thought unemployment would touch me, never would’ve expected myself to make such a stupid move, but it has taught me a valuable lesson, we are not far from desperation and this living pay check to pay check that we’ve been doing up until now is going to stop.

Our first goal is to keep a certain minimum amount of money in the bank for two – three months, then we’ll up the ante. The goal is to save three months pay as an emergency fund, and that’s how we’ll start.

How do you save money? Do you have an emergency fund?


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