Per the 2017 Report of Economic Well-Being of US Households, 40% of Americans would not be able to cover an unexpected expense of $400. Could you cover an unexpected expense of that amount (or more)?
I still have a kidney to sell.
$400 no problem. $4,000 prob not
There was a time when $400 would be a stress. I am blessed those days are far behind.
Yes but it very well could be different next month. I guess I haven’t had to start liquidating yet though.
...What do your toilet habits have to do with your finances?
But not excrementally inexecrable, I hope.
Only if it’s incrementally inexorable
That’s pocket change.
I would but I hate spending money from savings.
Haha! I've run with a $3,000 cushion for most of my adult life. I've needed it several times, too...I have no idea how people can feel comfortable running less of a margin than that.
Right now I have $15K in the bank, which you might think is nice, but my house needs a roof (~$10K), I'm about to go on vacation for a month, and I'll probably be off work for a month when I get knee surgery. My cars aren't getting any less rusty either.
$400...that's a joke.
PREACH! I hear you!
I have found that every damn time my nest egg starts looking good, something else likes it more! Roof, HVAC, car repair/replacement, health, list goes on!
That all sounds very familiar lol!
$400 is not a joke to everyone. I’ve usually had a buffer at least around what you stated but I’ve recently suffered a herniated disc and haven’t been able to supplement my other job with the lucrative seasonal work I’ve been doing. I didn’t see how people did it before either but you do what you have to.
Oh, I've had to run up thousands in credit card debt before (I too have had a herniated disc...luckily they fixed mine pretty good), but it's never been impossible to maintain my cash-on-hand cushion, and I've always been way too paranoid to live without it.
It's like Texas said...whenever I start feeling too comfortable, something will come along and screw things up. I'm frankly amazed that I've gotten this far ahead, but the fall's coming.
The joy of being a homeowner!
Cell phones, cable and wifi keeps you broke.
I could, most people I know could, but they would panic 1st. And NO I’m not loaning you 400 bucks!