http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 21:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/#comment-9513 Martin Wed, 24 Feb 2010 20:16:55 +0000 http://www.moneycrashers.com/?p=2767#comment-9513 This is exactly what I do, except that I set aside a slightly higher percentage of 15% to build up the emergency fund. It makes it much easier to control your spending when you take it off the top and don't have it in your checking account anymore. The minute I pay myself (self-employed) I transfer the money into my emergency fund account. And it is a great feeling to watch it grow. The more it grows, the more security. This is exactly what I do, except that I set aside a slightly higher percentage of 15% to build up the emergency fund. It makes it much easier to control your spending when you take it off the top and don’t have it in your checking account anymore. The minute I pay myself (self-employed) I transfer the money into my emergency fund account. And it is a great feeling to watch it grow. The more it grows, the more security.

]]> http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/#comment-9503 Sally Aquire Wed, 24 Feb 2010 13:57:20 +0000 http://www.moneycrashers.com/?p=2767#comment-9503 That's another good tip! That’s another good tip!

]]> http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/#comment-9440 gina Wed, 24 Feb 2010 01:24:22 +0000 http://www.moneycrashers.com/?p=2767#comment-9440 This has been a challenge for me. I have recently been starting to reduce expenses by couponing--it REALLY has made a bigger difference than I ever thought possible. I actually feel like a fool for spending full price without coupons before!! This has been a challenge for me. I have recently been starting to reduce expenses by couponing–it REALLY has made a bigger difference than I ever thought possible. I actually feel like a fool for spending full price without coupons before!!

]]> http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/#comment-9336 Ken Fri, 19 Feb 2010 02:15:28 +0000 http://www.moneycrashers.com/?p=2767#comment-9336 Good tips. I like the one about increasing your income...a second job is a great way to get that EF funded faster. Good tips. I like the one about increasing your income…a second job is a great way to get that EF funded faster.

]]> http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/#comment-9331 Jacquelyn McCoy Thu, 18 Feb 2010 20:08:46 +0000 http://www.moneycrashers.com/?p=2767#comment-9331 Good Idea Robert! Good Idea Robert!

]]> http://www.moneycrashers.com/how-to-build-an-emergency-fund-on-an-irregular-income/#comment-9330 Robert Thu, 18 Feb 2010 18:26:17 +0000 http://www.moneycrashers.com/?p=2767#comment-9330 How about this: Put 10% of whatever you earn into a savings account. If you get a check for $540, put $54 into the savings account. This way you build an emergency fund even on an irregular income. How about this: Put 10% of whatever you earn into a savings account. If you get a check for $540, put $54 into the savings account. This way you build an emergency fund even on an irregular income.

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