30-Day Breakup Guide: Day 11
To celebrate the publication of our first-ever book, The Frisky 30-Day Breakup Guide, we’re re-running the original series that inspired it, and having writer Maude Standish bravely road test the book’s expanded tasks and tips. So follow along, chart your own progress, and find out everything else you need to know to forget he-who-shall-not-be-named!
Start a “Go to Hell” Fund
A “go to hell” fund (as often referenced in the personal finance blogosphere) is a nice nest egg of quick cash that’s at your disposal in case you want to, for example, quit a job you hate, get out of a terrible roommate situation, or relocate due to a relationship gone bad (ahem). It’s also known as a “freedom fund” — freedom to leave a situation if you need to or escape anyone who’s screwing you over. Having four to six months’ worth of living expenses at your disposal is ideal. Don’t freak if you don’t have that kind of cash yet. You can start an online savings account at some reputable banks with only one dollar. Check around for the best interest rates—just make sure the bank you choose is FDIC-insured (go to FDIG.gov to verify that), which means you’ll get your money back even if the bank goes under. An easy way to start saving is to have a little bit of money from each paycheck—whatever you can afford—deposited directly into the account. Now don’t touch it! This money is for emergencies only, not impromptu vacations, expensive dinners, or—dare I say it— shoes. As your account grows, you might suddenly want to bust out with “Independent Women,” Beyoncé-style.