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re: 78 % of non-OT members live paycheck to paycheck
Posted on 5/17/18 at 8:41 pm to thelawnwranglers
Posted on 5/17/18 at 8:41 pm to thelawnwranglers
quote:
Lol minimum of a week to sell stock transfer from Fidelity
Thats a lot of bologna sandwiches.
1
Posted on 5/17/18 at 8:41 pm to slackster
quote:
People do that, but I don't like it. An emergency fund is supposed to be a place you can get money when something unexpected happens. Being forced to liquidate stocks during that time could be a problem depending on the market.
I'd prefer the money in cash or cash equivalents and start investing everything once that's filled, but to each their own.
I think bills bare min $4,500 so going to build $15k cash then go to investing again.
Posted on 5/17/18 at 8:43 pm to Mingo Was His NameO
quote:
I don't fight women or the mentally handicapped, LNCHBOX could be both.
Congrats on finally getting a full thought out without a screw up.
Posted on 5/17/18 at 8:43 pm to jefforize
quote:
yeah...i prefer my emergency fund to be very accessible . Life has a funny way of saying "frick YOU" every now and then
That 401k loan can happen quickly
I don't hate them. I know it is a no no but pay myself I like it.
Posted on 5/17/18 at 8:44 pm to Will Cover
I max out my 401k (and I’m over 50, so that’s $1,025 twice a month). After that plus insurance, taxes, etc. are taken out, I have an alimony payment that’s more than half of what’s left. Thankfully that ends in 8 months.
So yeah, I’m paycheck to paycheck for now.
So yeah, I’m paycheck to paycheck for now.
Posted on 5/17/18 at 8:45 pm to fightin tigers
quote:
Thats a lot of bologna sandwiches.
Better than you eat now :)
Posted on 5/17/18 at 8:46 pm to thelawnwranglers
quote:
I think bills bare min $4,500 so going to build $15k cash then go to investing again.
Yeah, I mean, if you're counting on 7% returns from your emergency fund to help your retirement, you're doing it wrong.
Posted on 5/17/18 at 8:46 pm to InCaliForNow
quote:
Thankfully that ends in 8 months.
Hired a hitter?
Posted on 5/17/18 at 8:48 pm to slackster
quote:
Yeah, I mean, if you're counting on 7% returns from your emergency fund to help your retirement, you're doing it wrong.
All in lol
Posted on 5/17/18 at 8:49 pm to thelawnwranglers
quote:
That 401k loan can happen quickly
I don't hate them. I know it is a no no but pay myself I like it.
An emergency fund is a financial staple and an emotional/mental one. The peace of mind a mediocre money market account with 6-months of your expenses in it brings can't really be quantified.
Posted on 5/17/18 at 8:50 pm to thelawnwranglers
No.
My ex-wife is just a decent person. We agreed to a flat dollar amount for a fixed period.
My ex-wife is just a decent person. We agreed to a flat dollar amount for a fixed period.
Posted on 5/17/18 at 8:53 pm to slackster
quote:
An emergency fund is a financial staple and an emotional/mental one. The peace of mind a mediocre money market account with 6-months of your expenses in it brings can't really be quantified.
Yeah for the first time my bonus thst is paid this month can build emergency and not just bail me out.
I am going to build my savings just like I got to 18k 401k max. Take alot of any raise and increase savings
Posted on 5/17/18 at 8:55 pm to slackster
real talk, i sleep a lot better since i made one
Posted on 5/17/18 at 8:56 pm to LNCHBOX
quote:
Congrats on finally getting a full thought out without a screw up.
Didn't dispute. No surprise there. You're getting closer to admitting you may be a little different than everyone else. I'm so proud of you Junior, this is your second biggest day, behind learning to tie your shoes at 14.
Posted on 5/17/18 at 8:57 pm to jefforize
quote:
real talk, i sleep a lot better since i made one
I can get 3 months done this year
I am likely to inherit so making my savings game weak
This post was edited on 5/17/18 at 8:58 pm
Posted on 5/17/18 at 8:57 pm to Mingo Was His NameO
You're embarrassing yourself.
Posted on 5/17/18 at 9:00 pm to LNCHBOX
quote:
You're embarrassing yourself.
No, I'm embarrassing you. It's ok Sally, your mommy still loves you.
Posted on 5/17/18 at 9:05 pm to thelawnwranglers
quote:
I am going to build my savings just like I got to 18k 401k max. Take alot of any raise and increase savings
Do as you see fit, but you're doing it backwards as far as generic financial advice is concerned. Cut the 401k to the company match, build your emergency fund, then go back to the $18.5k.
Your retirement won't be made or broken over something like that.
Posted on 5/17/18 at 9:12 pm to Powerman
quote:
Don't have direct deposit?
frick that, that's how collectors get your money.
Posted on 5/17/18 at 9:13 pm to slackster
quote:
Do as you see fit, but you're doing it backwards
Agreed we have $50k in individual account in JP Morgan stock. We have used that as emergency, but prefer we get cash and start building that up. I need to likely diversify it but it has done well. Wife has had it forever so figure whatever.
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