Comment on A simple solution, really
WorldsDumbestMan@lemmy.today 5 days agoWhat the fuck. It’s 600$ over 2 years! Are you insane? Just in-case you happen to need 600$ for an emergency? You are more likely to be shooting yourself in the foot by trying to live with literally no joy in your life, saving for something that will never come.
blarghly@lemmy.world 5 days ago
If you can barely save $600 in 2 years, then you 100% need a $600 emergency fund
Nalivai@lemmy.world 5 days ago
If you can barely save $600 in 2 years, $600 will do jack shit for you in emergency and you better spend it on drugs, at least that way you can forget the pain of living for a moment.
blarghly@lemmy.world 5 days ago
You need your car to get to work. Your car gets a flat. $75 for a used tire.
Without emergency fund: $75 unexpected expense goes on credit card. Since you are still drinking fancy coffee, you have no slack in your finances, and interest starts compounding on that $75 which you cannot pay off. Eventually you figure out you can pay the debt down gradually by cutting back on having someone else make you coffee. You manage to gradually pay down your debt over several months. By the time you pay it off, the tire cost you $150.
With emergency fund: you are pissed off about the flat, but shell out $75 from your emergency fund. Your fund recovers in a couple months.
WorldsDumbestMan@lemmy.today 4 days ago
Ok, got it! Sorry! Will never pay for anything I enjoy again! Will just work like a robot to survive maybe half a year longer before the economy tanks anyway.
Nalivai@lemmy.world 5 days ago
If you struggle to save $600 in 2 years, you don’t have a car already, it required $3000 worth of maintenance 3 years ago and you didn’t have it so you sold it for parts, or it still rotting behind a dumpster. If you struggle to save $600 in 2 years, your problems aren’t coffee.