UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next
Author: cyberisme Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Student Loan v. E-fund Date: 8/20/2003 1:58 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
<iI don't disagree with you, but I am starting to wonder if someone could have too much e-fund.

I know that sounds crazy, but when I think about the main reason for an e-fund, which is unemployment, does someone run the risk of getting laxed in their job search or hunt for income if they are sitting on a big nest egg? Should one assume that the e-fund is their only source of revenue or should they have more of a plan in place to have income to at least supplement expenses while they try to make their e-fund last as long as they can? With a plan, they might make a three month e-fund last for six months or more, at the same time, not get used to watching Magnum PI reruns or Oprah.

I think it really has to do with the personality of the person... DH and I moved cross-country recently and had an efund. Before we even arrived at our new destination we were looking for jobs.

My girlfriend moved a few months later and knew she had to look for employment but pushed it out until she was totally out of money and in a panic state.

Had she looked for employment immediately upon arrival, she wouldn't have had several months of panic and wouldn't have depleted her efund.

Someone who saves for an 8 month efund isn't likely to be someone who flippantly spends money and is likely to be someone who will be constantly seeking employment.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
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 Glassdoor #1 Company to Work For 2015! 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.