Friday, May 8, 2009

Increased Emergency Fund...for now....

So, I finally received my check from the other person's insurance company! $1316.22 to be exact. I have added it to my emergency fund for now, but will probably take it out eventually for a new car. Coincidentally, yesterday was also street cleaning where I was parked and to my surprise, my car would not start. So, now I have a nice $50 city parking ticket. At this point I am thinking of donating my car to Easter Seals, because I don't want the hassle of selling it for parts. Plus, if I donate it, that would be a tax deduction. I don't look at the car situation as a bad thing since I only spent $2100 on the car in the first place and got to drive it for a year, it's only an $800 loss and now I am actually saving money since I don't have to pay for gas or car insurance anymore. That's a $80-$100 savings in gas every month and around $800-$900 a year in insurance. I should be posting my readjusted budget soon.

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