How It Feels To Have An Emergency Fund - Dave Ramsey Rant

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[robinrubendunst]

Life is easier with money. It doesn’t buy happiness, but it buys security. And feeling financially secure is a BIG factor in feeling/being happy.

[michaelskocdopole]

1 year into baby step 2. Payed off $14, 000 of $27, 000 so far. Making $37, 000 a year. Plan to be finished by September.

[charliebrown]

39 yrs old with a wife and two small children, I have 50k stashed away in my savings account as an emergency fund. It took me 12 years to get to this point from living carelessly to tracking every single dollar that goes out. Thank you Dave!

[dr.bradshaw]

27 yrs old, I’ve got 35k in an emergency fund and it feels amazing. No stress here and I sleep like a baby

[vals.]

I am so happy I had the opportunity to find Dave before I financed a car. I was going to give 5k down payment. Instead, I bought a used small car for 5k. Right away I started a car fund. Every month I save 150 Euros. I needed to change 02 tires (162 Euros)... no problem! In a few years I will sell this car and use my savings from my car fund to buy a newer model. I learned this with Dave! In the meantime time, I know a lot of broke people driving beautiful and big cars!

[jgood]

I had an unexpected job loss recently. Thankfully they let me go with a pretty generous severance, and I would've been able to claim unemployment eventually. I also have a solid 3 month emergency fund and I fund my budget 1 month in advance.


The next day, after I had started to get over the shock, I re-did all my budgets to see how long I could hold out financially. With severance + unemployment + emergency fund + cutting spending to the bare minimum, it would've taken me 3 years to be broke and homeless!


Thankfully I got a new job in less than a month! :D

[MrLoddyDoddy]

Emergency fund turns a crisis into an inconvenience

[paulc]

When he said when you’re broke everything that can go wrong will, that is so very true . Money makes life easier, anyone who says different has never lived it

[NoypiTexan]

Dave, I’m only 21 and learned my lesson, I’ve been watching your videos for about a month now and you’re planting seeds in my mind. Saving money is really common sense!

[BonnieHalfElven]

I have $10K, on the way to $12K. I live in an old house with old appliances and drive an old (but well-maintained) car. It feels so good to know that I could have a major problem and be able to cover it!

[skibum]

I can tell you that a fully funded emergency fund is such a peaceful feeling!

[norsefalconer]

Here's some advice you almost never hear. Save money by keeping YOURSELF in good healthy condition. This applies especially to dental care. Dental work is expensive, rarely covered by insurance and nearly impossible to ignore. Brush and floss folks, and get regular check-ups if you can afford them. Prevention is cheap.

[Tabaitha_Elle]

You’re so right! I had to get my car fixed first thing into this New Year. The dealer called me and said I needed $1700 worth of work and asked did I want to get it done. I told him go ahead and do everything and he says “ you want everything done? “ I said “ Yes do it all. I’ll have the money “ 😂. My 07 Chevy (that’s paid off) is running like new now. It felt good to not have to stress and keep my old car on the road a little longer.

[Cyps]

Every thing Dave is saying is just pure wisdom, absorb it!

[SkateboardK]

"You're so broke your life looks like a country song" I love it 😂

[BXJNYC]

Can't wait to get my Fully Funded emergency fund, almost done with Baby Step 2.

[mobil]

AMEN!! My washer and dryer went out!! I was able to buy a new one for $933.00, with cash!!!

[DisabilityExams]

Lost my job in 2016 - thank God I had an emergency fund. Had only a little part-time work for almost a year. Fully employed now.

[mammothorbust]

We've had a 4 month emergency fund for almost 2 years. What Dave said is so true. It adds a level of emotional peace and stability. Our main water pipe just broke and it is going to cost about $3k to fix. It sucks, but it's so nice knowing we can just write a check and not worry about how we'll pay for it. Then we'll build the fund back up.

[joshuatree]

The look on the face of the repairman when he told me what it would cost to fix the water heater when I told him we would pay in cash and not finance....