I started thinking about this more and have decided to start diverting any extra cash I earn to my currently non-existant bed fund. So not only babysitting money, but any mystery shops, any odd jobs, any paid surveys, any paid to click/read payouts, etc will go into this bed fund. I have about a year to build it soley on that sporatic extra income. I think I can do it. I will continue to put money regularly into EF savings, anything that I sell will go to my EF savings since it was originally something I spent money on. It's the best way I can think of to differenciate between what should go in as an emergency and what should be saved for a needed big ticket item.
More on the bed fund.
September 8th, 2006 at 02:21 pm