Comments on: The Great Shrinking Emergency Fund http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/ Moving beyond the basics Mon, 08 Sep 2008 07:56:46 +0000 http://wordpress.org/?v=2.2.2 By: backstop roth ira - Dogpile Web Search http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-34316 backstop roth ira - Dogpile Web Search Mon, 08 Sep 2008 03:53:54 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-34316 [...] backstop. ... advancedpersonalfinance.com/category/investments/ • Found on Google Advanced Personal Finance " Blog Archive " The Great Shrinking ... But I believe ready credit can make an excellent emergency backstop. ... The Roth IRA as Emergency [...] […] backstop. … advancedpersonalfinance.com/category/investments/ • Found on Google Advanced Personal Finance " Blog Archive " The Great Shrinking … But I believe ready credit can make an excellent emergency backstop. … The Roth IRA as Emergency […]

]]> By: Chief Family Officer http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27464 Chief Family Officer Tue, 20 May 2008 04:17:09 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27464 Personally, I hate the idea of risking my emergency fund. So unless you're talking high-interest savings account within the Roth, your suggestion simply scares me. The whole point of an emergency fund (at least of mine!) is peace of mind, and I wouldn't have that if there was a chance of losing my EF in a mutual fund in a Roth. As for credit, I think during a true emergency like a job loss, it simply causes more stress. So I wouldn't go that route myself. Personally, I hate the idea of risking my emergency fund. So unless you’re talking high-interest savings account within the Roth, your suggestion simply scares me. The whole point of an emergency fund (at least of mine!) is peace of mind, and I wouldn’t have that if there was a chance of losing my EF in a mutual fund in a Roth. As for credit, I think during a true emergency like a job loss, it simply causes more stress. So I wouldn’t go that route myself.

]]> By: Monty Loree http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27442 Monty Loree Sun, 18 May 2008 13:27:27 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27442 I agree with Pamela... Countries with no social nets have higher rates of savings. Because they have to take care of themselves. We're too reliant on government social nets, and credit card social nets. The more money you have saved up, the more self reliant you will be. I agree with Pamela…

Countries with no social nets have higher rates of savings. Because they have to take care of themselves. We’re too reliant on government social nets, and credit card social nets.

The more money you have saved up, the more self reliant you will be.

]]> By: Pamela Grundy http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27441 Pamela Grundy Sun, 18 May 2008 13:17:09 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27441 Saving money is still a good idea. The emergency fund is even more important now because jobs are so uncertain and natural disasters have been ramping up lately too. I recommend that in addition to savings, people keep enough cash on hand--say two or three hundred dollars--to get them through a few days just in case of, who knows? I work at a bank part-time. Trust me, things go wrong. Saving money is still a good idea. The emergency fund is even more important now because jobs are so uncertain and natural disasters have been ramping up lately too. I recommend that in addition to savings, people keep enough cash on hand–say two or three hundred dollars–to get them through a few days just in case of, who knows? I work at a bank part-time. Trust me, things go wrong.

]]> By: Monty Loree http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27415 Monty Loree Sat, 17 May 2008 16:05:57 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27415 Money is money. If you have $5000 saved up in an emergency fund that is going to help you. It's a tool to use in case of emergency. Many people don't have any money saved up and have nothing to fall back on. Using credit ready in this situation is WRONG. You have to save for retirement anyways. It's more of the mind set to put money away that people have to cultivate. Money is money. If you have $5000 saved up in an emergency fund that is going to help you. It’s a tool to use in case of emergency.

Many people don’t have any money saved up and have nothing to fall back on. Using credit ready in this situation is WRONG.

You have to save for retirement anyways. It’s more of the mind set to put money away that people have to cultivate.

]]> By: Ricardo Bueno http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27284 Ricardo Bueno Thu, 15 May 2008 22:07:52 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27284 I agree with the ready-credit strategy... Unfortunately, I've seen many people abuse it (meaning that they didn't have the discipline to utilize those reserves towards items categorized as "emergency expenses"). I agree with the ready-credit strategy… Unfortunately, I’ve seen many people abuse it (meaning that they didn’t have the discipline to utilize those reserves towards items categorized as “emergency expenses”).

]]> By: Emergency Fund Options | HarvestingDollars http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27188 Emergency Fund Options | HarvestingDollars Wed, 14 May 2008 14:08:34 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-27188 [...] several of my fellow bloggers had some interesting comments on Emergency funds, including Advanced Personal Finance and Frugal Dad. Please take a look at both of these posts, as they show two completely different [...] […] several of my fellow bloggers had some interesting comments on Emergency funds, including Advanced Personal Finance and Frugal Dad. Please take a look at both of these posts, as they show two completely different […]

]]> By: north wales holiday http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-31083 north wales holiday Wed, 31 Dec 1969 17:00:00 +0000 http://advancedpersonalfinance.com/the-great-shrinking-emergency-fund/#comment-31083 <!--%kramer-pre%-->That once in a lifetime holidayWokingham Times,?UK?- 1 hour agoTsavo is a national park the size of Wales and is much greener, with orange soil, in comparison to Lewa. The scenery here though is just as striking and … Originally posted here:That once in a lifetime holiday - Wokingham Times<!--%kramer-post%--> links from TechnoratiThat once in a lifetime holidayWokingham Times,?UK?- 1 hour agoTsavo is a national park the size of Wales and is much greener, with orange soil, in comparison to Lewa. The scenery here though is just as striking and … Originally posted here:That once in a lifetime holiday - Wokingham Times

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