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this holier than thou attitude really isn't helpful. And based on the fact that they estimate their runway runs out in August, they did have at or near 6 months
by snayan 6y ago
this holier than thou attitude really isn't helpful. And based on the fact that they estimate their runway runs out in August, they did have at or near 6 months of emergency funds saved up. Have some empathy please.
- satisfaction 6y agoThe poster said they didn't pay the mortgage 14 days ago... check your math, if you didn't pay for the roof over your head, your runway has run out. It may not have been a positive comment but my question was valid, think of me as the father in law you don't have, always critical but the advice is most likely good to follow. How do you improve in the future without being critical of your past mistakes... I was laid off in january 2018, I had 3 years of savings, economic collapse is the exact thing we should be planning for, I know it's not possible for everyone, I would not have made the same comment if OP was a waiter working their way through college, but, OP is an engineer who did everything right and went to a good school and probably considers themselves one of the smart ones, engineers with degrees from good school get far less sympathy than waiters, I hold those who brag about their education to a higher standard.
- DamnYuppie 6y agoNo where in their comment do I see where they state they had a 6 month run way. They stated that they have no idea how to pay for the balloon payment in August, that is the only mention of dates. No mention what so ever was given as to their savings. I also feel that this is exactly the time that people should be discussing savings and emergency plans.