That's all cap lolDamn
"Emergency funds are for retards." Coli Poster
- Thread starter Sad Bunny
- Start date
Facts. I never usually get into these kinds of debates but reality is much differentI see what you're getting at here..
Always remember this is the internet..
Bboystyle
FIRE MATT LAFLEUR
Some 401k do have hardship loans. Where yall nikkas getting your info from?
I have a 401k(b) account that i use thru my job. Every check they deduct and invest 10% of my check. Theres an option to borrow against it (up to 50k) and hardship is one of the options when doing so
Facts. I never usually get into these kinds of debates but reality is much different
Keep in mind that those stats are an average of the black people who got money saved with those who don't.. The haves are carrying the load for the have nots..
I think people are getting confused with loans and withdrawals.
A 401k hardship loan is not the same as a 401k hardship withdrawal.
Loans can be repaid with interest.
Withdrawals are removed, taxed and penalized.
You're right.
And people can legit make up their lives online....whereas I have no need to. I can post receipts for any of my claims
And I don't resort to childish behavior when I disagree lol
People can do both at the same time.
Agree 100%....which is what I do now.
So how am I the wrong in this thread as the first page applies?
You're right.
And people can legit make up their lives online....whereas I have no need to. I can post receipts for any of my claims
And I don't resort to childish behavior when I disagree lol
You really don't need a lot of money saved up though and everyone view money differently.. All I can say is get rid of debt.
I agree.
I just think 3 to 6 months is good for me....keyword...for me. But that's because I'm buying a house this year and my anxiety
Paid off my debt in 2018 and 2019
I have enough to payoff my Jeep right now but not need to because the APR is so low. I'll sell it to CarMax is there was a sudden life emergency
But again I am the family member who helps others pay rent phone bills and other stuff so I do think the average person should have at least $1,000 saved up.
My “emergency funds” is a credit card. I don’t think that’s bad.
I dont like going into debt for emergencies.
OfTheCross
Veteran
How do yall feel about this?
Just 39% of Americans could pay for a $1,000 emergency expense
https://www.cnbc.com/2021/01/11/jus...s-could-pay-for-a-1000-emergency-expense.html
Some 40% of Americans would struggle to come up with $400 for an unexpected expense.
https://www.cnbc.com/2019/07/20/her...ans-cant-handle-a-400-unexpected-expense.html
I agree. You can pay for most things with a credit card so you don't need the emergency savings account really.
Okay but what happens if you lose your job are you going to survive off of your credit card for months at a time?
Look at what happened literally during the pandemic
I like to keep at least 3 months liquid for at least rent/mortgage