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how about we start an emergency fund for people who don't make enough money to have emergency funds?
Sorry, but this one always bothers me.

I've seen people that have had salaries half mine that have had emergency funds. (Before you think I'm being judgemental, remember that my current e-fund is only $10 higher than yours!!!)

But I think it's a matter of priorities. E-funds get wiped out by, well, emergencies: illness, bad luck, car problems, accidents, unemployment, etc. I haven't had a good emergency fund for years, but at this point, I've decided to take one lesson from Rich Dad, Poor dad; I'll keep saving NO MATTER WHAT. Savings is my highest priority. If I get laid off, and have to take a paycut, I will adjust everything to keep saving, even if it's only $5/paycheck.

After I heard the story about the guy (is it the Wealthy Barber book?) that had 2 or three kids and never made much more than minimum wage and hit $1 million net worth, I'm a believer! After reading "The Millionaire Next Door" and seeing what kind of priority the people in there put on savings (even though it talks mostly about men who have been married to the same women for at least 20 years, and doesn't mention single moms at all) I'm a believer!

Anyone CAN save; you just have to decide to.


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