I hit this goal before, but fell off the wagon when I bought the Florida house. The goal was to have 4 months of living expenses. I had it then used it to buy the house and then took out a signature loan to pay for the repairs on it. Well I paid off that loan in less than a year, 8 months. In the past oh, 4 months my emergency fund has been yo-yoing up and down.
The pop-in renter helped throw some money in the coffers, but when he does leave I'm not going to seek a replacement. I need a break and I want the house to myself for a few months. Then I guess if someone doesn't hint to the future, I'll take on another short term roommate. Maybe. I make enough to not need a roommate to make ends meet. However, I do like the extra coupla thou a year 6 months of house sharing brings.
So now my current goal is to save up for the basement and rear of the house. I have a two year goal for that. The goal is to not take out a HELOC or a 2nd mortgage. But the back wall is the expensive part. The rear has a lot of structural issues... so does the basement.
I'm not seeing how I can save the desired amount even though I saved what I saved and paid off $7K in 8 months. But on another level I know I can do it, provided the dentist doesn't find any more of my damned teeth he wants to cap. F-ing caps at $900 a pop. Don't even get started with the gold vs not-gold cap price diffs.