Saturday, June 21, 2014

Actively Looking...

Sorry for the lack of posts as of late.  I just submitted the first draft of my freelance project this week, which means I'll have more time to read blogs and write on my own!  Yippee!  :D

As for an update, not much is new in the debt repayment department.  I am currently thinking about slowing it down, as I'm not sure how long my current employment situation will last.  Things are really slow at work, which worries me.  I am now actively seeking new work opportunities and will be dedicating much of my free time to that.  Fingers crossed that something good works out.

My current situation is probably a good reminder to myself and some of my readers out there why an emergency fund and multiple streams of income is so important, and why you need to tailor financial advice to yourself.  Having an emergency fund and having a freelance consulting gig both make me feel way more secure than I would have felt if my day job was my only source of income and if I only had $1,000.00 emergency fund, as some financial gurus suggest.

Paying off debt won't help you in emergency situations, but having liquid cash will.  Balancing your different interests, priorities, and goals, and tailoring advice to your unique situation is the most important thing when it comes to personal finance.


  1. Yeah, I currently have no e-fund to speak of, but I need to get going on one in the worst way. It's hard for me to figure out how to divide my income between two things I don't have and really need (a retirement account, and ready emergency cash.)

    Good luck with your job situation! So stressful.

  2. Thanks for the support! I understand the dilemma - you have to start investing as early as possible, but emergency fund is also essential. I guess it depends on how secure you feel in your job. Survival is the number one priority for me, then everything else.