So I finished my emergency fund, now what?

For the first time in my life I have reached my emergency fund goal. I actually reached it on Thursday, it’s been almost exactly five years since I started this journey on my blog. 6 years orso since I first started reading personal finance blogs and getting serious about fixing my finances permanently. It has been a long, long road with many ups and downs and… I have $10,000 sitting in several accounts designated as my emergency fund holding buckets, right this very moment


I have wanted to reach this for so long! It feels… slightly disappointing to be honest. I felt much lighter when I paid off my student loan, this feels very different… perhaps because it’s just money sitting there and I won’t really ‘feel’ much about it until I need to use it for something. Perhaps also because I am waiting for my contract to be renewed and if it’s not, I may need to use the emergency fund to get through the winter unless I find reasonable work soon. (Of course if my contract doesn’t get renewed I will clear off my resume a bit and just take any job I need to take to get by)

It’s a nice accomplishment, with very mixed feelings. I really hope I won’t have to use it any time soon and to prevent that from happening I intend to keep saving in various accounts for other minor and major planned and unplanned life expenses.

My next goal? Build up a buffer in my chequing account. Any time I get money in I’ve been dividing in over my credit cards, debt, spending and savings right away. It’s a habit… oh it’s payday? Let’s see how fast I can get my account to zero again!

Time to start living on last months income.



Published by Renée

I write about my life, travel and my financial up and downs on my blog, Nickel By Nickel, while contradicting myself daily. ;)

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