Slow and Steady

Posts Tagged ‘Emergency fund

I was surfing blogs when I came across this post by The Frugal Duchess.

I started think about the term ’emergency fund’ and wondered if  people really sat down and calculated how much they need a month.

I have locked myself in to a very high mortgage rate. I’m not complaining because I love my flat, and wouldn’t have been able to have it if I didn’t get that mortgage.

However taking the mortgage out of the equation, I was shocked at how little the other bills were. I realised that worse case scenario, I could survive on less than I thought.

You have a try, guess a figure and then get your bills and work out a month sum. How close were you?