It seems to me that everyone in the PF Blog world has a *magic number* of a certain amount that they like to have sitting in their Emergency Fund or savings account. For some it's $1K, some $10K, others a certain amount of money to cover so many months of bills, and others even higher.
I've worried & stressed over our "magic number" far too long and over the last couple months I've been shown that all my worry and stress is fruitless.
To be brutally honest, I don't think we'll ever have the "recommended" 6-12 months of savings set aside "just in case". I'm not trying to be negative, or saying that "we can't do it", but we're working with one income & are on a very tight budget. I'm simply being realistic. We're building our EF, but every now & then we need to use it, and thats fine as thats what it's there for! So it's built up, takes a hit, and gets built up again.
And we're ok with that. Our bills are always paid, there's always healthy food on the table, kids are always dressed in nice clean clothes, we don't ever "go without". Anything.
Do not worry then, saying, 'What will we eat?' or 'What will we drink?' or 'What will we wear for clothing?' For the Gentiles eagerly seek all these things; for your heavenly Father knows that you need all these things.
Once in a while
murphy something will pop up & we wonder how in the world we'll be able to pay that unexpected bill, fix our car that just broke down, buy those meds we desperately need, etc... Some even wonder how they'll put food on the table for the rest of the month. Then something will unexpectedly come up, you receive a blessing from someone who just "thought" you could use something, someone offers you help, you find a forgotten chq in the mail, get a side job that just covers the amount you need, you "find" some forgotten money somehow, etc...
Some think this is simply a "stroke of luck" or a "mere coincidence" when something works out well, but I have a deep faith that God always provides in one way or another. And this is just one of His many ways that he makes sure we get what we need! Not always what we want.. But always what we need.
Here's an example how we were provided for today just in time...
- I received a chq. in the mail today that was for MORE than I expected for a custom order. $95.00 (Thank-you!!!)
- We received a refund chq in the mail today from Blue Cross for $66.00.
Where it went:
- I went to get my new inhaler filled today and as we didn't have enough money left in our weekly budget I figured I'd have to use our EF to pay for it. Inhaler cost - $105 and change. Just under $106.00. (ouch!)
- I was short $50 (we were at $470, $40 automatically went in last week, so at $510 as of last night) for my September savings challenge to hit my goal of $560 savings.
We even have $5.00 left to spare! :) No digging into our emergency fund today! I have a new inhaler AND I hit my Emergency Savings goal for the month! Perhaps a day late, but all the same, I did it in thanks to Gods faithfulness!!
"Your love, O LORD, reaches to the heavens, your faithfulness to the skies".
So even though our emergency fund may never "measure up" to the 'Joneses', I'm satisfied & eternally grateful to have a few thousand dollars set aside as a cushion "just in case", and we'll continue to slowly add to it as funds allow.
"If God sends us on stony paths, he provides strong shoes."
- Corrie Ten Boom
In the end, I have faith that God will continue to provide for us as He always has. So with our modest emergency fund & trust in God, we'll soldier on in good faith that everything is going to be "ok". :)