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For the Love of Everything, Please Keep 3-6 Months Worth of Money for an Emergency Fund (If You Can) (self.chat)

submitted 2 years ago by MangoKangaroo to c/chat

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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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[–] argv_minus_one 15 points 2 years ago* (last edited 2 years ago) (9 children)

Politicians: “Look how great the economy is doing!”
Job market: doesn't exist
Housing: doesn't exist
Homeless people: everywhere

Why there aren't massive riots, I can't fathom. Civilization is coming apart at the seams and everyone is just…okay with that.

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