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
20
50%
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: 40

Luke Duke
Posts: 560
Joined: Tue Jun 18, 2013 11:44 am
Location: Texas

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

Post by Luke Duke » Mon Jul 01, 2013 2:05 pm

Just curious how many of us have ever actually needed to tap into our emergency fund (for an actual emergency).

livesoft
Posts: 56381
Joined: Thu Mar 01, 2007 8:00 pm

Re: When was the last time you HAD TO use your emergency fun

Post by livesoft » Mon Jul 01, 2013 2:20 pm

You may also like this poll on why folks used their emergency fundl: viewtopic.php?t=35769
This signature message sponsored by sscritic: Learn to fish.

gkaplan
Posts: 7034
Joined: Sat Mar 03, 2007 8:34 pm
Location: Portland, Oregon

Re: When was the last time you HAD TO use your emergency fun

Post by gkaplan » Mon Jul 01, 2013 2:22 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

Sidney
Posts: 6637
Joined: Thu Mar 08, 2007 6:06 pm

Re: When was the last time you HAD TO use your emergency fun

Post by Sidney » Mon Jul 01, 2013 2:33 pm

My entire portfolio is my emergency fund. I use it every month.
I always wanted to be a procrastinator.

rixer
Posts: 541
Joined: Tue Sep 11, 2012 4:18 pm

Re: When was the last time you HAD TO use your emergency fun

Post by rixer » Mon Jul 01, 2013 2:40 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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mhc
Posts: 3445
Joined: Mon Apr 04, 2011 10:18 pm
Location: NoCo

Re: When was the last time you HAD TO use your emergency fun

Post by mhc » Mon Jul 01, 2013 2:40 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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Rainier
Posts: 1253
Joined: Thu Jun 14, 2012 5:59 am

Re: When was the last time you HAD TO use your emergency fun

Post by Rainier » Mon Jul 01, 2013 2:41 pm

I don't believe in superstition, but I refuse to answer this question. Sorry.
- Bill

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pjstack
Posts: 1308
Joined: Tue Feb 20, 2007 5:03 am
Location: Harbor City, CA

Re: When was the last time you HAD TO use your emergency fun

Post by pjstack » Mon Jul 01, 2013 2:45 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.
pjstack

IlliniDave
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Joined: Fri May 17, 2013 7:09 am

Re: When was the last time you HAD TO use your emergency fun

Post by IlliniDave » Mon Jul 01, 2013 2:58 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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BrandonBogle
Posts: 1892
Joined: Mon Jan 28, 2013 11:19 pm

Re: When was the last time you HAD TO use your emergency fun

Post by BrandonBogle » Mon Jul 01, 2013 3:04 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 3:14 pm, edited 1 time in total.

Luke Duke
Posts: 560
Joined: Tue Jun 18, 2013 11:44 am
Location: Texas

Re: When was the last time you HAD TO use your emergency fun

Post by Luke Duke » Mon Jul 01, 2013 3:05 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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