this post was submitted on 01 Sep 2023
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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
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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.

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[–] liv@beehaw.org 2 points 1 year ago

Here in New Zealand it took me about three weeks.

But, I know we get far less money than in many other places. It wasn't even enough to cover rent so I had to use savings.

Now I'm on disability and it's less than half what people get on minimum wage. I know from my support group that disability is harder to get in the US but it's also pays a lot more money.