I’ve been a lurker for some time here. Don’t make nearly as much as most people as I’m a third world pleb so the numbers can be pretty daunting sometimes.
Anyway, regardless of the scale, the principles one can learn from this sub are great. In particular, I always read about this Rainy Day fund that responsible people should build up for when life bitch slaps you in the nutsack.
My question is, how do you know when you’ve been bitch slapped hard enough to use it? I’ve built up a small fund and can continue to add to it, but I don’t know if/when it’s worth using it.
For example, most recently, I have an dentist appointment that I haven’t planned for in my budgeting. I fear it may cost me at most half of my fund. I could probably get away with not using the fund but it would put a lot of stress into my next month expenditure wise.
Should I use it? What if run into a real emergency next week? No use having good teeth and no money in that sort of situation.
I’ve held onto it for a while without spending any of it. How do I know if the emergency is emergent enough?
Submitted August 08, 2018 at 11:18AM by Onesert https://ift.tt/2On7kmV
