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re: How many of you have actually had to use an Emergency Fund?
Posted on 5/25/20 at 8:48 pm to HarveyBanger
Posted on 5/25/20 at 8:48 pm to HarveyBanger
I don’t like sitting on cash. I’ve made that mistake in the past. Missed huge opportunities in 2010 being gun shy.
I had been holding onto a good bit from my year end bonus that was paid out in January, but I deployed most of it in this huge panic sell off. My portfolio is healthy, and has a high degree of liquidity, and I’m not worried about being fired. But if I were to be, I have enough socked away that is easily accessible to stretch out any jobless duration unless it was a wildly unforeseen calamity like the depression.
I had been holding onto a good bit from my year end bonus that was paid out in January, but I deployed most of it in this huge panic sell off. My portfolio is healthy, and has a high degree of liquidity, and I’m not worried about being fired. But if I were to be, I have enough socked away that is easily accessible to stretch out any jobless duration unless it was a wildly unforeseen calamity like the depression.
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Posted on 5/25/20 at 8:49 pm to HarveyBanger
The wife and i keep 100k saved which could float us for 10 days or so...
Posted on 5/25/20 at 8:55 pm to HarveyBanger
Well I am proud of you for improving your spending/saving habits over the last 2 years because it’s hard to save $30,000 if you’re “ducking” strippers especially at $1,200 per duck:
Just spent 1200 dollars to duck stripper at Penthouse
Just spent 1200 dollars to duck stripper at Penthouse
This post was edited on 5/25/20 at 8:57 pm
Posted on 5/25/20 at 9:00 pm to buckeye_vol
I’m kinda scared of the number of PI’s on this board. I haven’t done anything wrong, but man.
Posted on 5/25/20 at 9:01 pm to Flashback
quote:
You dont seem very excited, but congrats anyway.
We are over the moon. :)
Thanks.
This post was edited on 5/25/20 at 9:02 pm
Posted on 5/25/20 at 9:02 pm to thermal9221
quote:
That money needs to make you money.
Lot of dumb in this thread lmao
Posted on 5/25/20 at 9:04 pm to HarveyBanger
Keep about 20K readily available
Never know about the unexpected
Any appliance going out, emergency car repair etc. etc. . .
Tomorrow we’re having an approximate 50’ elm tree cut down. About 30’ from the house.
Was struck by lightning and now has pretty good size “widow maker hanging over the house.
Cost $2500. Tree cut, hauled away, stump ground.
You just never know. Be prepared
Never know about the unexpected
Any appliance going out, emergency car repair etc. etc. . .
Tomorrow we’re having an approximate 50’ elm tree cut down. About 30’ from the house.
Was struck by lightning and now has pretty good size “widow maker hanging over the house.
Cost $2500. Tree cut, hauled away, stump ground.
You just never know. Be prepared
Posted on 5/25/20 at 9:06 pm to HarveyBanger
congrats on the out of control bullshite meter thread of the day.
Posted on 5/25/20 at 9:07 pm to HarveyBanger
I had to tap into mine at 26 when I was laid off five four years ago. Basically wiped the entire thing out, not much, like $8K.
This post was edited on 5/25/20 at 9:08 pm
Posted on 5/25/20 at 9:07 pm to buckeye_vol
quote:
Well I am proud of you for improving your spending/saving habits over the last 2 years because it’s hard to save $30,000 if you’re “ducking” strippers especially at $1,200 per duck
Is that supposed to make me feel bad on an anonymous message board lol
Posted on 5/25/20 at 9:11 pm to HarveyBanger
Got 10k I keep in savings. I really don’t need any more than that
This post was edited on 5/25/20 at 9:12 pm
Posted on 5/25/20 at 9:15 pm to HarveyBanger
quote:
Is that supposed to make me feel bad on an anonymous message board lol
Posted on 5/25/20 at 9:23 pm to HarveyBanger
quote:
No debt outside of mortgage
yeah, not buying it
Posted on 5/25/20 at 9:26 pm to HarveyBanger
I'm the minority in this sea of ballers, but a lot of people wish they had $30,000 in a savings at that age.
Posted on 5/25/20 at 9:29 pm to Bustedsack
quote:
congrats on the out of control bullshite meter thread of the day.
Mortgage, auto insurance, keeping the lights on, and feeding ourselves yes 30k would not take that long to blow through.
This is not the least bit far fetched
Posted on 5/25/20 at 9:32 pm to HarveyBanger
I couldn’t make it in two months on $30k. I’d have to figure out a bigger plan.
Posted on 5/25/20 at 9:34 pm to HarveyBanger
quote:
Mortgage, auto insurance, keeping the lights on, and feeding ourselves yes 30k would not take that long to blow through.
Yeah if you are keeping up with the Jones’
I didn’t slow down my life at all and only burned through like $6,800 in like six months. I drank and bought a good amount of drugs too.
Posted on 5/25/20 at 9:35 pm to BabyTac
calling bullshite again.
Posted on 5/25/20 at 9:38 pm to Klark Kent
Never have. I kept 4 months takehome pay in savings acct.
When the market tanked in april i moved it from savings acct to ameritrade. Bought 80% mutual funds 20% stocks. Looks like a great move.
When the market tanked in april i moved it from savings acct to ameritrade. Bought 80% mutual funds 20% stocks. Looks like a great move.
Posted on 5/25/20 at 9:46 pm to HarveyBanger
Some of y’all must not have kids or a mortgage. 30k for 10 months of living expenses including bills/mortgage is extravagant for y’all?
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