When was the last time you HAD TO use your emergency fund?

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When was the last time you HAD TO tap into your emergency fund?

Never
19
49%
Within the past year
4
10%
1-5 years ago
9
23%
5-10 years ago
4
10%
10-20 years ago
0
No votes
20+ years ago
3
8%
 
Total votes : 39

When was the last time you HAD TO use your emergency fund?

Postby Luke Duke » Mon Jul 01, 2013 3:05 pm

Just curious how many of us have ever actually needed to tap into our emergency fund (for an actual emergency).
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Re: When was the last time you HAD TO use your emergency fun

Postby livesoft » Mon Jul 01, 2013 3:20 pm

You may also like this poll on why folks used their emergency fundl: viewtopic.php?t=35769
It's all about short-term opportunistic rebalancing due to a short-term change in one's asset allocation, uh, I mean opportunistic rebalancing, uh I mean rebalancing, uh I mean market timing.
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Re: When was the last time you HAD TO use your emergency fun

Postby gkaplan » Mon Jul 01, 2013 3:22 pm

This morning. I transferred $1,000 from my Roth IRA to my credit union checking account to cover a temporary cash flow emergency.
Gordon
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Re: When was the last time you HAD TO use your emergency fun

Postby Sidney » Mon Jul 01, 2013 3:33 pm

My entire portfolio is my emergency fund. I use it every month.
I always wanted to be a procrastinator.
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Re: When was the last time you HAD TO use your emergency fun

Postby rixer » Mon Jul 01, 2013 3:40 pm

Before I was retired, I was self employed. I always had to draw out of my emergency fund during those slow winter months. I would repay what I took out when work picked up.

Every year I got into the emergency fund. That's why it was there.
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Re: When was the last time you HAD TO use your emergency fun

Postby mhc » Mon Jul 01, 2013 3:40 pm

During my senior year of college, my wife's transmission went out. I did not think about it then as using my emergency fund because I just had money. Looking back, it probably fits into the category of using an emergency fund.

I have always tried to live below my means, so I have always had money available for whatever came up (e.g., emergency, vacation, spontaneous spending).
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Re: When was the last time you HAD TO use your emergency fun

Postby Rainier » Mon Jul 01, 2013 3:41 pm

I don't believe in superstition, but I refuse to answer this question. Sorry.
- Bill
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Re: When was the last time you HAD TO use your emergency fun

Postby pjstack » Mon Jul 01, 2013 3:45 pm

Sidney wrote:My entire portfolio is my emergency fund. I use it every month.


Ditto, except I don't really have an "emergency fund". When stuff happens I use my credit card(s) and if I can't pay it off the next month I then (reluctantly) cash out some of my portfolio.
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Re: When was the last time you HAD TO use your emergency fun

Postby IlliniDave » Mon Jul 01, 2013 3:58 pm

2008. Busted heat pump that required replacement. Not a huge emergency, but sudden catastrophic failure of major appliances meet the charter for my fund.
Don't do something. Just stand there!
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Re: When was the last time you HAD TO use your emergency fun

Postby BrandonBogle » Mon Jul 01, 2013 4:04 pm

Depends on your definition of tapping your emergency funds. Three weeks ago I tapped it to buy an international plane ticket flying out within 24 hours (actually, paid by card and immediately paid the card from the emergency cash) and pre-pay all my bills for the month. But now, three weeks later, my two paychecks have refilled my emergency fund.

So for the purposes of the poll, do I count that?


Edited for typos
Last edited by BrandonBogle on Mon Jul 01, 2013 4:14 pm, edited 1 time in total.
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Re: When was the last time you HAD TO use your emergency fun

Postby Luke Duke » Mon Jul 01, 2013 4:05 pm

BrandonBogle wrote:Depends on your definition of tapping your emergency funds. Three weeks ago I tapped it to buy an international plane ticket flying out within 24 hours (actually, paid by card and immediately paid the card from the emergency card) And pre-pay all my bills for the month. But now, three weeks later, my two paychecks have refilled my emergency fund.

So for the purposes of the poll, do I count that?


I would say no.
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