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[–] 12 points 2 years ago (3 children)

You should have an emergency fund. You never know when something bad will happen. For all you know your house could get bulldozed or you car could get damaged by something the insurance doesn't cover

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  • [–] 25 points 2 years ago (5 children)

    That's my problem: I start saving and then suddenly I have a huge expense and I need to empty out my savings. Happens at least every six months.

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  • [–] 33 points 2 years ago

    I'd argue that's proof of your emergency fund working! You were able to save enough money to cover an unexpected expense/emergency without having to go into credit card debt.

    Kudos! You should feel proud of yourself!

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  • [–] 1 point 2 years ago (1 child)

    Well I guess you could cut costs. I don't know I'm not a financial advisor

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  • [–] 10 points 2 years ago (3 children)

    I cook at home mostly, I don't go on vacations, my cars are both at least 8 years old, and I live in a low COL area.

    I guess I could kill one of my children but I don't think that would make economic sense.

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