We are debt free! All of our debts have been paid and it feels great! But now this is the 1st month that we do not owe any debts and we are going to start saving for our emergency fund.
But I find myself hesitating because I don't quite know what to do now. How much do we save, do we start to live a little, do we adjust our budget, or do we live exactly as we have been? Is it ok for us to start putting money into our travel fund again rather than throw it on our debt? Can we increase our fun money that we give ourselves for the month? I just feel torn. P and I have been so well disciplined that we even come in under budget with our envelope systems. I don't even feel like we are deprived at all.
But now that the burden of debt is gone, it is a little weird. We have been married for over 2 years and this is the 1st time in our marriage that we have not been in debt. I just need to sit down with My Total Money Makeover book and begin to read what Dave says about the Emergency fund.
Does anyone have any tips or suggestions for funding the E-fund and the new budget? Thanks for the help.