Question Wednesday

Photo credit: Sam Amil, CC BY 2.0.

It’s Wednesday, which means it’s time to ask those percolating financial questions.

Today’s question comes from the Billfold comment section: when do you consider it appropriate to spend your emergency fund?

I’ll go ahead and admit that although I consider my savings account my “emergency fund,” I have spent portions of the account balance on non-emergencies: moving, vacation, etc. However, I do my best to pay my savings account back as soon as possible. I view the savings account as both an emergency fund and a way to make short-term loans to myself.

What about you? Answer the question — or ask your own — in the comments.


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