Timeline for What is the most effective saving money method?
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
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| Nov 4, 2017 at 18:05 | history | edited | Brythan | CC BY-SA 3.0 |
edited body
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| S Sep 5, 2017 at 10:44 | history | suggested | Philipp | CC BY-SA 3.0 |
corrected spelling
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| Sep 5, 2017 at 9:26 | review | Suggested edits | |||
| S Sep 5, 2017 at 10:44 | |||||
| Jan 17, 2017 at 10:18 | comment | added | coteyr | At least then when you do get back to work you only have to worry about deposits and not back bills. | |
| Jan 17, 2017 at 10:18 | comment | added | coteyr | If you really get into that situation, your fastest path back to normal is to keep paying your bills on time. You think it's gonna be hard to get back on your feet after you can't pay the rent and get kicked out. Try it when the electric company, the water works, the oil/gas company, the phone company, and the car insurance company come at you for you bill plus late fees, plus interest, and in some cases legal fees, and refuse you service till you pay your back bills. Better to pay your bills and crash on a fiends couch. | |
| Jan 17, 2017 at 10:15 | comment | added | coteyr | Sorry, that might not have been clear. That's a perfect time to use the ER fund. But it's not a time to use the "Food" fund. Homeless and full is better then Homeless and hungry. | |
| Jan 17, 2017 at 9:55 | comment | added | user | "This is important because if you loose your paycheck in week 3 or 4 your homeless." But the first variant magically saves you if you lose your income in week 2? Somehow I fail to see how that works. 100% rigid budgeting almost never works long term. Losing your only income stream is certainly one scenario where an emergency fund is useful. You briefly touched on that with the "savings" envelope, but if losing your job and needing to pay the rent (or mortgage, or whatever other expense keeps a roof over your head) is not a good time to use the emergency fund, then I don't know what might be. | |
| Jan 16, 2017 at 19:35 | history | answered | coteyr | CC BY-SA 3.0 |