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re: How many of you have actually had to use an Emergency Fund?

Posted on 5/25/20 at 9:49 pm to
Posted by TigerintheNO
New Orleans
Member since Jan 2004
45434 posts
Posted on 5/25/20 at 9:49 pm to
quote:

If the only debt you have is a mortgage, how in the hell would you burn through 30k in 8 months?


he said 8-10 months, at 10 months that 3K a month. If he has a $1500 mortgage/insurance/property tax.

that leaves him & his wife $1500 a month for everything else. Food/electricity/water/phone/health insurance/car insurance for two cars....
Posted by madamsquirrel
The big somewhere out there
Member since Jul 2009
56602 posts
Posted on 5/25/20 at 9:49 pm to
have made it through the flood in 2016 and cut hours at job this year due to emergency fund and not carrying debt
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3218 posts
Posted on 5/25/20 at 9:58 pm to
Yeah, during the Great Recession.
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