Tuesday, September 20, 2011

Back in the Saddle

Wow!  What a few weeks it has been.  Some good, some bad.  I will keep this post brief but hope to explain some of what has been going on.

In mid-August my husband was in a car accident.  He’s OK, and that’s first and foremost, but it has been an interesting few weeks to say the least.  We just got his car back and all appears to be well.

However, in the resulting mayhem I resorted to using the credit card.  I just didn’t have them time or effort required to do budgeting, with the car accident, getting set up with a rental, back to school time, getting our daughter into a new daycare ($$$) and all the other stuff we had going on. It was just far easier to throw everything on the card.

We’re back on the wagon now, but it was a rough few weeks and now I am sitting here with $1500 on a credit card.  L

The good news is, we had been doing well with our E-fund prior to the end of August, so I have about $750 in there.  Since I am so gun-shy now about emergency savings, I think I am going to keep it in there, let it build up a little more, and then pay off the credit card balance all at once. It shouldn’t take too long. I am afraid to pull that money out; what if something else happens in the meantime and we need cash? 

I don’t love this plan, but I am more comfortable leaving the E fund in place and working off the CC balance than I am emptying the account.  Also, we’re doing well at purging our house and selling stuff, so I think we can earn enough extra to pay off the CC soon.

So that’s where we're at…in a nutshell. Sigh.