Could You Cover a $2000 Emergency Right Now?

[Bubba T]

No problem. shyt I could go ten times that amount without breaking a sweat.

Doesn't mean I'd be happy though. For example, I have to spend around $2500 in the next five days on my car. I need a fresh set of tyres, I need to get a registration check and a service, and then I need to renew registration and insurance. Might even be $3000 to do all that.

Just because I easily have the savings to pay that without missing a beat, it never means that I'm happy about it or that I want to do it. I'd be so much happier with that money in my pocket instead

You driving a BMW?

 

[Tribal Outkast]

I can and it feels great. I couldn’t do that a couple years ago but I’m in a much better place now.

 

[King Poetic]

Yeah but it would hurt

the hurt part, comes from once the $2,000 out your pocket something else always popped up as well … rather a bill, car repair, etc

 

[Sukairain]

You driving a BMW?

Hell no

I'm Australian, registration and insurance always run me about $1700 every year over here. Registration is basically always pegged at $600 based on the weight of my car, and insurance is about $1100 right now. But if I keep on with my clean driving record and don't make any claims, it should start getting cheaper as I enter my 30s in a couple of years time.

Tyres I only need to buy about once every 3 years, 2 and a half years. They cost around $150-$200 each.

Plus the maintenance work I need done at the shop, I'm expecting a bill of around $2500. But if the insurance company fukks me since I'm at a new address in a new city, it could be higher.

Also all these prices are in Australian dollars, which I think are worth about 70 US cents to the dollar. So $2500 Australian = $1750 US

 

[Blankthawtz]

i could pull $20,000 out my account to save my family from death in one hour today.....if u can't do that then...

 

[P90]

Wouldn’t even blink at it.

 

[Action Mike]

Half of you lying

I can but won't like it

 

[Silver Surfer]

Yep..

 

[Spence]

 

[Htrb-nvr-blk-&-ug-as-evr]

Water pump on my car just burst and I got an oil change. It ended up costing us $1700.

Luckily we save, so we had the money available without dipping into our main emergency fund (used strictly for if one or both of us lose our jobs or a MAJOR emergency).

Stuff happens.

$1700 water pump can’t be anything but a German piece of shyt...what is it, BMW, Merc or something British?
Efit: NVM answered above

 

[Lord_nikon]

Yes. That's baby money.

good morning

 

[PrnzHakeem]

Credit cards come in handy in emergencies. Pay whatever urgent issue you got and pay off the card later.

Having cash savings to float your household for a few months is very important. Probably ass backwards but we got $25K in emergency cash, but still float about $5-10K on our credit cards every month. Gonna bump the emergency cash up to $40K before paying down the credit cards.

 

[EndDomination]

Nah
The bar is an expensive endeavor (and it cuts into your income for three months )
In about two weeks, sure

 

[EndDomination]

What

$2000 isn't a lot of money

It is.

In terms of budget space - most people aren't carrying over $2000 from month to month after rent, transportation, utilities, food, social activities, etc.

If you look at the average wage in a given area, and the average CoL - you get an idea.

Abstractly, it isn't a lot of money. I spent $2500 in a single day just a few months ago - but most people have crunchtime cycles.

 

[International Playa]

I got $15k in credit cards available to deal with problems. I dont have $2k cash tho