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Started By
Message
re: Ok MT, how would you handle this situation?re: layoffs
Posted on 1/16/15 at 9:48 am to jonboy
Posted on 1/16/15 at 9:48 am to jonboy
quote:
my wife does have a van for kid transportation
Why can't you drive the van if you get laid off? Seriously, the last thing you need to be doing right now is buying a vehicle if you don't have 3-6 months of expenses in an emergency fund.
2
Posted on 1/16/15 at 9:55 am to AngryBeavers
quote:
Why can't you drive the van if you get laid off?
The logistics of three kids would make it nearly impossible on a day to day basis.
quote:
the last thing you need to be doing right now is buying a vehicle if you don't have 3-6 months of expenses in an emergency fund.
I have an emergency fund: what I don't have is money set aside for another vehicle. I'm trying to avoid dipping into the e-fund for a vehicle.
I like the idea of saving money & approaching my employer later on. Might be the most logical course of action.
Posted on 1/16/15 at 9:58 am to AngryBeavers
I definitely wouldn't purchase anything now because you would also be responsible for the insurance. Save as much as possible and hope for the best but prepare for the worst.
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