Comments on: To The Rescue Again: The Importance Of An Emergency Fund. http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/ A place to discuss money...for the rest of us. Tue, 24 Nov 2009 12:03:12 -0500 hourly 1 By: MoneyEnergy http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32791 MoneyEnergy Fri, 08 May 2009 00:47:45 +0000 http://www.mytwodollars.com/?p=2046#comment-32791 Amazing, that he (1) was so disciplined as to really save up the full 4 months of unemployment emergency funds and (2) that he actually needed to draw on it, and never needed to take on new debt, and (3) that he saved it all up again and needed it again! What a story and great example for the rest of us. You're right, even every little bit you can save up helps. Amazing, that he (1) was so disciplined as to really save up the full 4 months of unemployment emergency funds and (2) that he actually needed to draw on it, and never needed to take on new debt, and (3) that he saved it all up again and needed it again! What a story and great example for the rest of us. You’re right, even every little bit you can save up helps.

]]> By: Tina http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32771 Tina Thu, 07 May 2009 03:54:20 +0000 http://www.mytwodollars.com/?p=2046#comment-32771 You know if I would have just read below the article I would have seen some suggestions! LOL You know if I would have just read below the article I would have seen some suggestions! LOL

]]> By: Tina http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32770 Tina Thu, 07 May 2009 03:47:31 +0000 http://www.mytwodollars.com/?p=2046#comment-32770 I get depressed when looking at other people's savings... I started saving for an emergency at the beginning of the year. But being a solo income makes it tough. I've managed to save $500.00 in 4 months but it doesn't feel like enough. Any suggestions on how to save more? I get depressed when looking at other people’s savings… I started saving for an emergency at the beginning of the year. But being a solo income makes it tough. I’ve managed to save $500.00 in 4 months but it doesn’t feel like enough. Any suggestions on how to save more?

]]> By: david http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32767 david Thu, 07 May 2009 00:20:27 +0000 http://www.mytwodollars.com/?p=2046#comment-32767 In your case, yes, I would imagine so. In your case, yes, I would imagine so.

]]> By: Amanda http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32765 Amanda Wed, 06 May 2009 23:44:46 +0000 http://www.mytwodollars.com/?p=2046#comment-32765 I often get confused between the difference in an emergency fund and a savings account - for instance, I save HEAPS of money (at least 80% of my income, but I'm still living at home as I'm a postgrad student though I work two part-time jobs), but it all goes into a high-interest savings account, rather than a separate "emergency fund". Would the two basically be the same thing? I often get confused between the difference in an emergency fund and a savings account – for instance, I save HEAPS of money (at least 80% of my income, but I’m still living at home as I’m a postgrad student though I work two part-time jobs), but it all goes into a high-interest savings account, rather than a separate “emergency fund”. Would the two basically be the same thing?

]]> By: Craig http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32762 Craig Wed, 06 May 2009 19:15:08 +0000 http://www.mytwodollars.com/?p=2046#comment-32762 There are a lot of expenses people have and setting up a side emergency fund is not a very important matter for most since they have other things they need money for. But if the situation arises, it's a nice security blanket. There are a lot of expenses people have and setting up a side emergency fund is not a very important matter for most since they have other things they need money for. But if the situation arises, it’s a nice security blanket.

]]> By: moneymonk http://www.mytwodollars.com/2009/05/06/to-the-rescue-again-the-importance-of-an-emergency-fund/comment-page-1/#comment-32761 moneymonk Wed, 06 May 2009 16:49:00 +0000 http://www.mytwodollars.com/?p=2046#comment-32761 Most people don't think about saving when they are working, why? well because they are already working, the problem we spend when are good and we just decrease spending when they are bad. Most of the time we don't save when times are good or bad. He did what about 20% of people do Most people don’t think about saving when they are working, why? well because they are already working, the problem we spend when are good and we just decrease spending when they are bad. Most of the time we don’t save when times are good or bad.

He did what about 20% of people do

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