4 ms·

Thanks for the advice. Honestly, being that I work in startups, am a year and a half out of grad school, don't have to well-to-do parents, and support my partne

Thanks for the advice. Honestly, being that I work in startups, am a year and a half out of grad school, don't have to well-to-do parents, and support my partner, I think you've helped me realize it's definitely not so smart to be bufferless. Honestly, part of this mania began when I looked at my statements for just one provider (Chase) and realized the minimum payments they were asking for (~$300) covered ONLY the monthly interest. That sort of freaked me out, and I got spooked at the prospect of allowing that bank to rent-seek on my back for the next few decades, while I lack any sort of consumer rights to even ask a court for bankruptcy protection.

larrys 14y ago
"don't have to well-to-do parents" Statement like this (details that is) prove what I am always saying about advice you read online. When I read your comments my first thought was what other safety net you had. If you had reasonably secure middle class parents I would give you different advice then I would if you had no safety net at all. The answers to all these questions totally depends on details and when people are giving general advice there may be something that is left out that could change the advice greatly. As an example, I generally fill my gas tank when it is down to 1/4. But if I hear a storm is coming I fill up no matter what the level.