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paranoidandroid June 2nd, 2018 7:25pm

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)?

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06/02/18 11:29 pm

$400 no problem. $4,000 prob not

HammeringMan Gods Away On Business
06/02/18 4:52 pm

There was a time when $400 would be a stress. I am blessed those days are far behind.

benseth 11,780 votes
06/02/18 4:12 pm

Yes but it very well could be different next month. I guess I haven’t had to start liquidating yet though.

phalnx Ohio
06/02/18 7:51 pm

...What do your toilet habits have to do with your finances?

phalnx Ohio
06/02/18 8:14 pm

But not excrementally inexecrable, I hope.

benseth 11,780 votes
06/02/18 8:26 pm

Only if it’s incrementally inexorable

snagglepuss Story Time
06/02/18 2:51 pm

I would but I hate spending money from savings.

phalnx Ohio
06/02/18 2:32 pm

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.

Texas1 did not proofread
06/02/18 2:54 pm

PREACH! I hear you!

Texas1 did not proofread
06/02/18 2:55 pm

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!

phalnx Ohio
06/02/18 3:43 pm

That all sounds very familiar lol!

benseth 11,780 votes
06/02/18 8:09 pm

$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.

phalnx Ohio
06/02/18 8:21 pm

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.

benseth 11,780 votes
06/02/18 8:30 pm

The joy of being a homeowner!

rons Thanks America
06/02/18 1:53 pm

Cell phones, cable and wifi keeps you broke.

Texas1 did not proofread
06/02/18 12:32 pm

I could, most people I know could, but they would panic 1st. And NO I’m not loaning you 400 bucks!