- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How many of you have a six month emergency fund?
Posted on 4/7/20 at 7:14 pm to oilattorney4lsu
Posted on 4/7/20 at 7:14 pm to oilattorney4lsu
Probably about 15 months right now, but my daughter starts college in the fall and will cut into that a little bit.
0
Posted on 4/7/20 at 7:14 pm to catholictigerfan
quote:
I don’t have six months on top of investments, but with investments I could make six months easy. Maybe this is a money board topic, but why let thousands of dollars sit in a savings account when you could invest that and get some return instead of the tiny percentage you get back in savings accounts?
There are a lot of people who thought like you who now are looking at the possibility of liquidating stock at huge losses.
I invest plenty, but I keep 6 months cash. My industry has been cutting people left and right for the last month. I still sleep great at night while colleagues with just enough in the bank to pay the next cycle of bills are sweating.
Posted on 4/7/20 at 7:15 pm to oilattorney4lsu
easily 6 months. could stretch out to a year
Posted on 4/7/20 at 7:15 pm to oilattorney4lsu
I have a years worth.
Posted on 4/7/20 at 7:17 pm to oilattorney4lsu
3 months
Posted on 4/7/20 at 7:17 pm to oilattorney4lsu
Wife would carry the torch for us, and we could go 12 months.
Me, i'd be eating ramen for months.
Me, i'd be eating ramen for months.
Posted on 4/7/20 at 7:18 pm to oilattorney4lsu
3 or 4 years
No debt but mortgage and have a load of equity in it.
No debt but mortgage and have a load of equity in it.
Posted on 4/7/20 at 7:18 pm to boosiebadazz
quote:
but I’ve been shocked at some of the upper middle class folks who were paycheck to paycheck
Well if they didn't try to keep up with the Joneses they wouldn't have to.
Posted on 4/7/20 at 7:22 pm to braindeadboxer
quote:
There are a lot of people who thought like you who now are looking at the possibility of liquidating stock at huge losses.
Makes sense. Just curious to be honest, I’m no financial expert.
Posted on 4/7/20 at 7:34 pm to oilattorney4lsu
quote:
Many Americans aren’t really middle class as they tend to classify themselves and live paycheck to paycheck and many who make decent money squander that shite on unnecessary purchases - cars they can’t afford, houses they shouldn’t buy, general crap expensive items. They save nothing.
Welcome to America.
Posted on 4/7/20 at 7:34 pm to oilattorney4lsu
We do but I’m not looking to actually use it
Posted on 4/7/20 at 7:37 pm to oilattorney4lsu
6 months currently but I don’t have any major bills, just rent.
Posted on 4/7/20 at 7:42 pm to oilattorney4lsu
Starting out if you have young kids, house note, car notes, etc it is pretty rough.
Older person that is retired or close to retirement if that person saved well they are ok.
If you are a small business person especially in a nonessential business it rough. That person may use their savings to pay rent along with other monthly expenses.
Older person that is retired or close to retirement if that person saved well they are ok.
If you are a small business person especially in a nonessential business it rough. That person may use their savings to pay rent along with other monthly expenses.
Posted on 4/7/20 at 7:44 pm to Kester5144
3 months here.
Posted on 4/7/20 at 7:45 pm to oilattorney4lsu
As long as the retirement check keeps getting deposited every month I'm good from now to doomsday.
Posted on 4/7/20 at 7:49 pm to oilattorney4lsu
I do(30 years old).
Most people I know my age don’t.
Unique circumstances got me here. I’m not sure if I’d have 6 months of saving otherwise.
Most people I know my age don’t.
Unique circumstances got me here. I’m not sure if I’d have 6 months of saving otherwise.
Posted on 4/7/20 at 7:49 pm to oilattorney4lsu
Keep about 100k in checking at all times. I’ve got 500k HELOC currently have about 375k in it but finishing up two properties and I always pay that HELOC back 1st before myself to avoid interest.
Anyone with a decent amount of equity in their home should have a HELOC. It’s the cheapest safety net/flexible/only pay what you use money a person can get.
Anyone with a decent amount of equity in their home should have a HELOC. It’s the cheapest safety net/flexible/only pay what you use money a person can get.
Posted on 4/7/20 at 7:50 pm to oilattorney4lsu
Dude I work my arse off and ain't got a two day emergency fund
Posted on 4/7/20 at 7:53 pm to oilattorney4lsu
3 month severance, 3 month cash on hand. If shite got crazy I can snag a years salary out of my retirement but would really rather not lol.
Posted on 4/7/20 at 7:56 pm to oilattorney4lsu
I could go 2 years at normal spending and 3 if I drastically eliminated all non-essential spending.
Caveat: no debt, no wife, no kids, no party lifestyle and I got crushed in 2009 and learned my lesson.
Page 3 of 5
Back to top
Follow TigerDroppings for LSU Football News