Could You Cover a $2000 Emergency Right Now?

[Rusty$hackleford]

Would hurt my savings slightly but yes.

So 95% of the brehs polled have $2000 on hand right now ?

Liquid

Spoiler: cream

 

[Noriega]

Liquid

Spoiler: cream

Stop carrying cash

 

[Threnody]

Anybody who answered no should get off the coli and get yo shyt together asap this winter is gonna be fukked up

 

[Tenchi Ryu]

Nah don’t think I could



I had to spend about 1200 last month for a out of nowhere car repair and a family financial situation. That shyt could be felt something vicious

Living paycheck to paycheck sucks ass

 

[AsTheWorldBurns]

2k on credit? Yes.
2k outta checking? Yes.
2k outta savings? Yes.
2k out my investment portfolio ? Yes.
2k in cash? Yes.

 

[old pig]

2k on credit? Yes.
2k outta checking? Yes.
2k outta savings? Yes.
2k out my investment portfolio ? Yes.
2k in cash? Yes.

 

[Wink Beaufield]

Yes, but….What kinda emergency is $2000.00…. Js

"Oh shyt! It gotta be fixed NOW" home repairs. Like your HVAC going out, hole in the roof and plumbing emergencies.

 

[CrimsonTider]

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.

I only see this nikka posting to brag about money or something of that nature

 

[lamont614]

No


Working on it tho

 

[Edub]

"Oh shyt! It gotta be fixed NOW" home repairs. Like your HVAC going out, hole in the roof and plumbing emergencies.

Home owners covers all of that (depending on circumstances of course)…..

But yea I hear u

 

[NinoBrown]

#CertGang don't have these problems...

 

[Prodyson]

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.

If you already have 25k you shouldn’t be waiting to pay down the credit cards (unless you are in the no interest period). But otherwise you are paying interest for no reason. Once you pass a couple thousand in savings, you should be paying off all your debt. Once all your debt is paid off and you can pay off your credit card every month, then you can get back to saving, investing, etc. You’re losing money on interest when you have the money to pay it off.

You should go back and look at all your statements over the past year and see how much you’ve paid in interest.

 

[Roid Jones]

Yes, I wouldn't be happy about it though

 

[Mrhateeverything]

Do I have it no.

Could I get it in a minute if i was desperate, yes .

 

[Captain Crunch]

This has always been a misleading gauge of middle class wealth. Even those with money can’t cover a $2,000 emergency expense without feeling it. Unless you’re making millions, a sudden $2,000 expense on something that isn’t superficial will hurt.

That's not middle class then
Just because you make $50k doesn't make you "middle class".

Most American households are worth at least $100k, I'd guess that at least 10% of that is liquid (stocks, savings, non-retirement investment accounts).

Middle class is really stability, meaning that you don't have to worry about bills, because you make enough to cover it and have at least 3+ months living expenses stashed away.