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Trusted Contributor
shortbreadlover
Posts: 1,136
Registered: ‎06-25-2018

Re: Knocking down debt

‎12-31-2018 03:10 PM

good for you.  i think thatyou would need at least 1 year on hand if anything happened.

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Trusted Contributor
ScenicMaine
Posts: 1,563
Registered: ‎09-21-2018

Re: Knocking down debt

‎12-31-2018 03:16 PM

@Tinkrbl44

Sorry, you're correct about my post title - in the body I also mentioned financial goals, opinions, etc. as well as savings.

 

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Honored Contributor
depglass
Posts: 14,000
Registered: ‎03-10-2010

Re: Knocking down debt

‎12-31-2018 03:43 PM

Back in our working lives we tried to keep at least a few months income in savings, often did not make it.  I'll tell you a little horror story.  When DH retired there was a problem with his pension.  There was a woman at the local union office who was embezzeling and the upshot was she didn't process retirement applications and it took 7 months to get pension started.  Without that savings built up we would have been living on credit cards.  

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