i dont care about any financial circles - this is my life. one year of rent (back when i rented) and one year of mortgage) is a must for peace of mind.you might need therapy breh. More than 1 year is pretty much looked down upon in most financial circles
A $20k emergency fund is especially valuable in these times.
- Thread starter Sad Bunny
- Start date
Elim Garak
Veteran
Yeah that's the issue credit.
blockburna420
Consecutive thumbs up
i got 20k borrowing power according to credit karma 
Fillerguy
Veteran
Seeing shyt like this is wild because I have a very large chunk as an emergency expense.....but I'm a broke boy according to sm. Money stressed me out until I had at least a years salary in savings. And I make under 70k. My little cousin got a 70k job straight out of college, yet she broke. She got a 15 year had start on me but she asking me for money56% of Americans can’t cover a $1,000 emergency expense with savings
56% of Americans can't cover a $1,000 emergency expense with savings
Most Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey conducted in early January by Bankrate.www.cnbc.com
And we can't blame student loans because they'll been kicking my ass since the Great Recession but my heads afloat.
How yall living out here.
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Saysumthinfunnymike
VOTE!!!
56% of Americans can’t cover a $1,000 emergency expense with savings
56% of Americans can't cover a $1,000 emergency expense with savings
Most Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey conducted in early January by Bankrate.
that doesn't apply to the coli streets
ShackZilla89
All Star
It's the worst, because people always find a way to make it a habit...
Credit is a large advantage if used correctly. Matter of fact, Credit > Debit > Cash depending on what card you have.
At least with credit, you get something back (rewards) for spending your money.
And then they offer to throw me an extra $50 if I let them borrow $50. I always decline and tell them to save it instead and start an emergency fundIt's the worst, because people always find a way to make it a habit...
most people can’t handle credit cards. Those rewards are just us benefiting from other peoples terrible spending habits lol
Most people have zero discipline.56% of Americans can’t cover a $1,000 emergency expense with savings
56% of Americans can't cover a $1,000 emergency expense with savings
Most Americans are unable to cover an unexpected $1,000 bill with savings, according to a telephone survey conducted in early January by Bankrate.
Oh, and 20K is a ludicrous amount for a lion's share of Americans. Most of us are floating around the poverty line, which is what? 37K? Them kats would be happy with $2,000...and that shyt would probably be gone in a month.
I'm shooting for $100K while I'm in the military, then dropping that shyt to $50K as a civilian.
I'm shooting for $100K while I'm in the military, then dropping that shyt to $50K as a civilian.
$20k 
It would be astounding if people even have $1k stashed away.
Americans are broke as fukk and struggling to a point where it’s not even worth mentioning on a regular basis. And without credit it would be an even crazier disaster. Next year is going to be like a zoo with no workers keeping order.
It would be astounding if people even have $1k stashed away.
Americans are broke as fukk and struggling to a point where it’s not even worth mentioning on a regular basis. And without credit it would be an even crazier disaster. Next year is going to be like a zoo with no workers keeping order.
I would move before I let myself be broke