UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: InvestorGrrl Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308438  
Subject: Re: About those e-funds Date: 5/3/2002 4:50 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I am riffing on this paragraph, posted by userid TamarianG:
So, there's my argument, and my exhortation: get something put aside for yourself. Even if it means slowing down your snowball for a couple months. Get yourself positioned so that at the very least you aren't devastated by the smaller speed-bumps you're going to encounter. Stop fighting the fire while you're feeding the flames, and get enough cash in hand to take care of yourself going forward.

Whereas I have benefited several times last year from using an emergency fund, my husband's growing impatience to make our windows more energy-efficient, my impatience to sand and revarnish our floors to make them crawling-baby-safe, and our recognition that one car may soon be done for makes me view my growing emergency fund and think "hmmm..."

I'm wondering if I should liquidate some of my heirlooms to get the emergency fund up lickety-split to three months' expenses so I can have the immediate gratification of pumping up that emergency fund, so nothing supremely dumb along the lines of last year's "I am laid off but am sure I will have another job in three weeks because I do not know we are in a recession and the dot-com industry has had its day, am also ten days pregnant but don't know it yet, am also sick of seeing $386 oil bills drop into my mailbox every six weeks, I know, I'll spend $4700 to buy a new furnace and convert to natural gas!!" doesn't happen again.

Thing is, if I sell those heirlooms I can pretty much count on not ever getting them back even as gifts.

I guess I could also forego or reduce my current funding of my tax-deferred plan, forego or reduce funding of my child's university fund, forego or reduce funding of my Roth IRA... any combination of or all of these options are unpleasant. I don't even know if they are as unpleasant as borrowing. It's just very difficult to weigh how unpleasant they are in relativity.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Value Hounds

Mylan Transitioning from Generics
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement