Can you find $2,000?

Can you come up with emergency 2k?

  • Yes, I have reserve.

    Votes: 28 90.3%
  • Yes, I have credit and will use it.

    Votes: 0 0.0%
  • Yes, I have someone who will lend it.

    Votes: 0 0.0%
  • No.

    Votes: 3 9.7%

  • Total voters
    31

lovinmaryland

New Member
I clicked no because I personally don't have $2k right now. I'm sure if it was an extreme emergency I could borrow money from a family member but it would have a to be a big emergency.
 

Wishbone

New Member
About a third of consumers say they would have trouble coming up with an emergency $2,000, according to a new study released Monday.

http://www.marketwatch.com/story/one-third-of-americans-say-theyd-have-trouble-coming-up-with-an-emergency-2000-2017-03-20

The study found around 67% said they were likely to come up with $2,000 in a month, meaning nearly 33% said they weren’t likely.
If I ever have need of emergency money, i'll just write to my friend the Nigerian Prince and have him send it to me.

:yay:
 

Chris0nllyn

Well-Known Member
Part of financial independence is having an emergency fund. It should be 3-6 months (or more) of expenses (mortgage, electric, car payments, etc.).

This should not be an investment either. Something liquid like a savings account. Even I Bonds or CDs work for sort term with a bit better interest rate than a savings account.
 
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