this post was submitted on 01 Sep 2023
188 points (100.0% liked)

Chat

7498 readers
52 users here now

Relaxed section for discussion and debate that doesn't fit anywhere else. Whether it's advice, how your week is going, a link that's at the back of your mind, or something like that, it can likely go here.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
alyaza@beehaw.org
remington@beehaw.org
188
For the Love of Everything, Please Keep 3-6 Months Worth of Money for an Emergency Fund (If You Can) (beehaw.org)
submitted 1 year ago by MangoKangaroo@beehaw.org to c/chat@beehaw.org
40 comments fedilink hide all child comments
 

I left my job about two months ago, and I applied for unemployment immediately. I got a new job today, but I STILL haven't gotten my unemployment decision. Additionally, my food stamp application was delayed due to personal circumstances. In short, had I not had money saved for an emergency, I would have been mega-screwed.

I know some people are not in a position where they have the luxury of storing away significant amounts of cash but, if you are, I beg of you to do so if you aren't already. I can't imagine what position I'd be in right now if not for my budgeting.

Thanks for coming to my TED Talk.

PS. I posted this here instead of in c/finance because the sidebar there specifies that it's supposed to be for finance-related news.

you are viewing a single comment's thread
view the rest of the comments
[–] MangoKangaroo@beehaw.org 8 points 1 year ago (1 children)

For quite a while I'd always told myself, "I'll just forego the usual advice, since I could just draw from unemployment if I ever found myself without a job." I'd had the usual advice drilled into me but, until recently, had completely ignored it. I'm pretty damn glad I pivoted when I did, because holy hell it's a nightmare to actually start getting benefits, even in my state.

As to why I posted this: if my experience can convince even one other person who was as naive as I was to save a little more, then I'd consider that worth any ass kicking that I get from others. More than anything, I wanted this to be a, "it could happen to you" style of post.