No. of Recommendations: 3
Someone in my family is going to have to get a divorce and needed 3k for it and has been asking her mother to loan her the money, even though she just got a check for 5k. How much stress would it have relieved if she had just saved some portion of that check??? I really wish more people realized how important this is.

Unfortunately, some people seem to be unable to save money in an accessible place. If it's in their savings account, or (worse yet) their checking account - it gets spent. They seem to be unable to save unless the money isn't accessible without repercussions (like a CD penalty or selling a stock). Then when they need the money because something that they didn't anticipate, but should have (like having to pay for dental care, or replacing a tire) happens, there's a bunch of drama, because "I can't break a CD" or "I can't sell a stock" - so they borrow more money, and end up keeping themselves continually in debt.

The small cushion in the savings account provides a feeling of safety

I was talking to my cousin about this yesterday. There is something about having money in the bank that reduces stress, even if you still have debt.

I guess some people need drama and stress more than they need safety and serenity.

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