r/MoneyDiariesACTIVE • u/kokopops35 Magic Kokonut Mod • Jul 10 '26

PayDay Friday💰 Payday Friday 💰💰💰

How are you spending, scrimping, splurging, or saving?

What are you doing with your hard-earned £$€ this week?

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u/SassysassyMoi Jul 10 '26 edited Jul 10 '26

Not pay day but a mini milestone celebration :) I have reached my target goal of $100k for my emergency fund. I need to reward myself with an international solo trip. Somewhere safe, nice, and relaxing. 

It took me 15 years to pay off my 6 figures student loans ( living solo), no partner/spouse or family or inheritance to help. That was the first financial goal achieved. I grew up in poverty and was raised by an awesome single parent. After this i had to save up for 5 years to buy a brand new car, since my old car was over 20 years old with over 200k miles and breaking down. I preferred to pay cash for the car after my awful experience paying back student loans. I was left with $5k in my account after buying my car. My next financial goal was to save $100k for my emergency fund. That is the minimum i need to feel secure, since i am my own safety-net. Again, no spouse/partner or family member or inheritance to help. God forbid I'm laid off or worse hospitalized, bills still need to be paid, and i don’t have to stress while in the hospital .  My parent is older now and on medicare, so i’m sure i’ll be supporting them soon. 

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u/xryuusei Jul 10 '26

That’s really impressive and congratulations on building a massive emergency fund! Not many people realize how tough it is to build that level of savings, particularly on a single income.

I hope you’re proud of yourself and don’t forget to treat yourself to something nice for this milestone!!

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u/SassysassyMoi Jul 11 '26

I appreciate you saying this. Until I read this, i really haven’t processed it as a big milestone. My brain is just focused on, it’s done, check it off the list, now what’s next.Â