This is What Happens When Your Rainy-Day Fund is Happy!

/ / Finance

Ahhh, a good night’s sleep! There’s nothing like snuggling under the covers, falling fast asleep, and waking up refreshed and ready to confidently take on the day! I always feel happier after a good night’s sleep. I’m calmer and the little stresses that come up throughout the day don’t bother me as much. Plus, when I get a good night’s sleep, my coffee tastes better!

Of course, a sleep so peaceful that your coffee tastes better isn’t an easy thing to achieve. Especially when you are worried about money. When it comes to finances, the biggest stress causers (sleep ruiners!) are those $100 – $400 unexpected expenses that you don’t have the cash for.

So why do you keep waking up in the middle of the night? Maybe you’re anxious about paying for that unexpected cell phone repair. Or maybe you promised your friends you’d meet them for happy hour tomorrow, but your dog got sick and now you have a pretty big vet bill that needs to get paid. You could put it on your credit card, but then your goal to pay your credit card off this month is out the window, and your peaceful dreams are replaced with late night financial worry. Again.

Well, stop worrying! Seriously! At T&H Financial Coaching, it is one of our core beliefs that you deserve a good night’s sleep! Money shouldn’t cause you stress — it should be the support system you need to live your best life.

So what’s the easiest way to sleep stress free? Set up a Happy Rainy-Day Fund! Most people know what a “Rainy-Day Fund” is (the money you set aside to pay for emergencies), but at T&H Financial Coaching, we’ve redefined it to be a bit … happier!

A Happy Rainy-Day Fund is the money you set aside for ALL of the unexpected expenses of life that aren’t part of your regular monthly budget. The difference is that unexpected expenses are not always emergencies — unexpected expenses can come from the joys in your life, too!

What does your calendar look like this month? Maybe your friend is getting married next week, you have three birthday dinners to attend, and your sister just asked you to throw her a baby shower. Or maybe you just got a new job and need a wardrobe update. These are all wonderful things to happen in your life — but they’re also unexpected expenses.

It shouldn’t matter if the unexpected expenses come from emergencies or happiness, you should be able to pay for them stress-free. That’s why I call it the Happy Rainy-Day Fund!

Follow these 3 steps to start building your own Happy Rainy-Day Fund:

  1. Open a savings account specifically for your Happy Rainy-Day Fund. Keeping it separate from your other accounts is important.
  2. Set up an automatic monthly transfer of $50.00 from your checking account to your new Happy Rainy-Day Fund account.
  3. Transfer $25.00 from every paycheck into your Happy Rainy-Day Fund savings account. This twice per month transfer adds up quickly!

Most of my clients are amazed they have $50 (or more!) they can easily transfer into Happy Rainy-Day Fund, they just need help finding it. That’s where I come in. I work with you one-to-one to help you redefine your relationship with your money so you can sleep stress-free. First step ~ a Happy Rainy-Day Fund! Sign up for my T&H Quick Start Package to get started and follow me on Facebook for more great money saving tips!

You deserve a good night’s sleep and to enjoy the taste of delicious coffee that comes from those worry-free zzzz’s!


Suzanne Ryan

T & H Financial Coaching

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