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Discussion » Statements » Rosie's Corner » "Many Americans can't come up with $400 to cover an emergency". I don't know who said but is that true for you?

"Many Americans can't come up with $400 to cover an emergency". I don't know who said but is that true for you?

Posted - August 21, 2019

Responses


  • 6023
    I try to put $100/pay period in 2 separate savings accounts.  (Total $200/pay period.)
    I also have $100/pay period going to an account for eBay, Amazon, and other online purchases.
    5% of my pay period gross goes directly to my retirement account.  (In an emergency, I could borrow from that.)

    Of course, I still have a lot of credit card debt ... so I'm not as wise with money as I'd like to be.  lol
      August 21, 2019 7:39 AM MDT
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  • 113301
    Sounds to me as if you are doing just fine Walt. Jim and I ain't rich by a long shot but in an emergency we surely have $400 to use for it without being unable to pay other bills. We can come up with $4000 too. $40,000 would be an enormous dent and hobble us but we could figure a way to manage it and $400,000? Fuggedddabouttit. That ain't happening in this lifetime. Thank you for your reply and Happy Wednesday to thy! This post was edited by RosieG at August 21, 2019 8:32 AM MDT
      August 21, 2019 8:31 AM MDT
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