Well, our house has been infiltrated by a stomach bug (thus the lack of the normal amount of posts today). Things should get back to normal tomorrow, but for those of you who haven’t read it yet, I wanted to direct you to the article I wrote last year on how we (Ryan and I) avoid the stomach virus with activated charcoal (the kids still get the stomach bug a couple of times a year since we don’t give the activated charcoal to them… it stains everything if it comes back up)!
On top of dealing with the stomach bug, Ryan had a root canal done today (eek!) and I just have to say how THANKFUL I am that we have savings set aside for these things. At the beginning of each month we allocate a certain amount of money to different savings funds (medical, dental, car repair, etc…) that way we don’t have to dip into our emergency fund or general savings when things like this come up!
In my opinion, it’s so important to take the money out for these things when you FIRST get your paycheck and budgeting your month (or two weeks) around what’s left after your savings money has been taken out. We have tried it the other way around (putting into savings what’s left at the end of the month) and that just doesn’t ever work out… i.e. we have no money left at the end of the month!
I’d love to hear your thoughts on saving money for these kind of situations! Do you have savings set aside specifically for when these type of things come up?