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I have a colleague who just can't justify to themselves having an emergency fund while they still have debt to pay... yet buy a brand new 40k car and think abou

I have a colleague who just can't justify to themselves having an emergency fund while they still have debt to pay... yet buy a brand new 40k car and think about replacing it after 2 years even though they have nothing against it. I feel like a lot of people just can't stand having money standing there doing nothing as an insurance policy when they could be making money or buying something with it.

dehrmann 5y ago
> I have a colleague who just can't justify to themselves having an emergency fund while they still have debt to pay Depending on the interest rates, and assuming they can keep the line of credit if they lose their job, this might make sense since it's a choice between reducing debt now vs potentially increasing debt later. The second part is just silly, but it's probably the attitude they got them in debt in the first place.
kube-system 5y ago
> people just can't stand having money standing there doing nothing as an insurance policy And then, they pay more on their actual insurance policies to have low deductibles because they can’t afford a larger deductible because they don’t save anything.