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  1. #11
    Join Date
    Sep 2011
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    A New Place
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    Starting my $1,000 emergency fund next month. Glad this thread is here.

  2. #12
    Join Date
    Dec 2010
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    i've been doing something like this for the past few months.

    my steps are/have been
    - get to 1K
    - get to 1 month emergency
    - get to 3 months emergency
    - once I get to 3 months, start differentiating savings from the emergency fund from the savings to buy a home
    - save to 6 months then open up a roth ira

    after that i should have a pretty good mix of savings. eventually what I plan to have by the end of 2014 is a 3-6 month supply of emergency fund that's easy to get to and low rate of return, a CD or similar with higher rate of return but not as easy to get to, a roth IRA, and 1/2 of what i'd need to make a downpayment on a home. i also plan on learning more about stocks and investing.

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