Having already made this semester’s rant about the price of textbooks, I’m going to spare you the figures and get right to the point. I wasn’t sure how I was going to be able to pay for this semester’s books. I need them sooner than I can afford them; my loan refund check doesn’t arrive until February. Since I know I’ll need to read them before Valentine’s Day, I was going to borrow some money to pay for my textbooks, repaying using the refund check. Then I realized something. I was amazed at myself for forgetting my emergency fund! I had enough money in that account to pay for my textbooks.
The reason I didn’t think of using that money sooner was that I didn’t consider this financial need an emergency. A need, yes, but not a real emergency, because I did have other options. However, I realized it was ok to “borrow” the money from my emergency fund because I would be depositing the borrowed amount as soon as I get my refund check. I know I’ll pay myself back, too. I’m getting close to fully funding it, which is one of my goals for 2009.