4 ms·
Strongly disagree, being able to accumulate enough money to cover the bumps of life can be the difference between stringing along a middle class existence and e
by honkkong420 4y ago
Strongly disagree, being able to accumulate enough money to cover the bumps of life can be the difference between stringing along a middle class existence and everything working out and going broke.
- pessimizer 4y ago$25K is peanuts if anything even mildly serious happens.
- jiriknesl 4y agoIf you are insured, $25k is plenty and cover 99% of situations.
- juve1996 4y agoOf course - the hypothetical emergency fund is great. The problem is the required amounts are rapidly growing. An emergency fund of 10k barely covers the 8k average deductible for a family. Ignoring things like rent, food, etc, all rapidly increasing. To have a worthwhile emergency fund is too costly for most americans. Might as well finance a car - it won't matter.