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The Damn It Fund....

February 27th, 2008 at 01:17 pm

We very rarely use bad language in our household. But, a recent event has caused me to resurrect a name that, surprisingly, my saintly mother gave to a fund. Last Wednesday, the doc in the Big City gave Hubby the go ahead to return to restricted duty at work. We were elated that things were healing. We left with all the paperwork that we would need to give to New Company, and I drove out of Big City in a big rainstorm and lots of traffic. Breathing a sigh of relief in many ways, including that we wouldn't have to stay on 60% pay! The very next morning, dear DD called very upset. She'd dinged a car in a parking lot. Poor thing. She's been really watching her finances. We decided to pay for it out of pocket. No need after our large deductible to put it on her driving record. And, we'd be paying the extra on her premiums, too. So, she took care of all the work that it took to get the final settlement amounts and his signed stuff and everything so I could send a check. So far, so good. Now, I just had to figure out from where to draw the funds. Hubby had just said to put a smidge of a seed in my long neglected laptop fund so we could evacuate from hurricanes much easier. But, there wasn't anything in there to use for the ding. I had drawn from the house repair fund to pay for Hubby's medical bills. I had planned to put the small tax refund and the whateverthatis that is coming toward repairing that fund. So, where to get it? Then, I remembered Mom's fund. The Damn It Fund. For those things that just cause you to say.....phooey, rats, darn it, etc. So, I sat down today and, on paper, separated my long-term emergency fund. I recreated a small portion of it into the Damn It Fund. I was going to use my Challenge Money to pay on debt, but I will divvy it up to include refunding the Damn It Fund. Just for those times in life that you need it. We were blessed. DD wasn't hurt. No one was in the car she dinged and so no one got hurt. The car she was driving wasn't damaged. And, so far, the young man has been helpful to finish it all up. We had much more problems when DS got hit in a parking lot from his dinger person. So, all in all, we're doing fine. Without the last year on Saving Advice, I wouldn't have had the funds in the first place. Once again, I am grateful to the good folks here....

8 Responses to “The Damn It Fund....”

  1. HouseHopeful Says:

    I really like the idea of the Damn it fund! I think I might have to give myself one of those. I have a slush fund for the expected unexpecteds like car repairs, minor medical problems, ect. But I may have to rename it!

  2. JanH Says:

    Househopeful: I hear ya! I have a couple of little funds for auto repairs (because we seem to have so many of those) and medical visits (we seem to have at least two per month among us all--sheesh). But, nowhere near enough in those for the repairs to the guy's truck. I figured I better set aside a bigger amount for when the washer goes out or I back into Hubby's truck in the driveway again. Or, as you suggested, a bigger medical event that's more than a co-pay. LOL

  3. Ima saver Says:

    i like the name!

  4. luxlivingfrugalis Says:

    Thinking I also want to steal (uhhmmmm, I mean borrow) the name!!

  5. nance Says:

    Love that idea!

  6. baselle Says:

    Nothing like the entertainment of having an emergency fund with a swear word in it. Mine's the Kiss My Ass fund, I've heard others call theirs the FU fund, or the SHTF fund. You get the idea - if everyone named their savings with a dirty word, they will have much more fun funding it. Big Grin

  7. boomeyers Says:

    I agree with Baselle, the more creative the name, the more enjoyable the funding!

  8. Rachael Says:

    I made up the Oh Crap fund while I was in college. It is really useful. Great Post!

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