Trying to get the EF fully funded. That is going to take a long time. I'm okay with that, I think. I have a question about other items like car repairs. Does that come out of your EF or do you have a separate fund for car repairs? What about stuff like appliance repairs? At this point we do not have funds set up for these things. I know I know. Like I've said before, we spent a long time with our heads in the sand. But I digress. Do we need to set up separate funds for these items or take the costs out of the EF?
Do you guys use the envelope system? I've been watching some videos by debtisdum on Youtube. They use the envelope system and swear by it but having cash around like that would be a huge temptation for me. It really is easy to rob Peter to pay Paul. If you use it, tell of your success.
I guess I'm trying to figure out just how many "little funds" do we need? We do have a Christmas Club account and a vacation account in addition the EF.
Any advice would be appreciated.