Comments on: To Emergency Fund or not to Emergency Fund? http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Nine Lessons Relearned from the Financial Meltdown | Canadian Capitalist http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/comment-page-1/#comment-19508 Nine Lessons Relearned from the Financial Meltdown | Canadian Capitalist Mon, 21 Sep 2009 01:35:18 +0000 http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/#comment-19508 [...] Keep an emergency fund. For me, this is the most important lesson of the financial crisis. I had believed earlier that a line of credit can serve as an emergency fund but not anymore. Though it never actually came to that, this crisis has amply demonstrated that a line of credit could be cut back or even become unavailable in a serious financial crisis — precisely when we may need a credit line the most. Now, I think a stash of cash that will cover three to six months of expenses is absolutely essential, despite the.... [...] [...] Keep an emergency fund. For me, this is the most important lesson of the financial crisis. I had believed earlier that a line of credit can serve as an emergency fund but not anymore. Though it never actually came to that, this crisis has amply demonstrated that a line of credit could be cut back or even become unavailable in a serious financial crisis — precisely when we may need a credit line the most. Now, I think a stash of cash that will cover three to six months of expenses is absolutely essential, despite the…. [...]

]]> By: squawkfox http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/comment-page-1/#comment-7449 squawkfox Tue, 26 Feb 2008 20:38:15 +0000 http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/#comment-7449 I keep an emergency fund. Since I don't own a house... :) I keep an emergency fund. Since I don’t own a house… :)

]]> By: Reasons Why Your HELOC Can Be Your Emergency Fund http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/comment-page-1/#comment-7431 Reasons Why Your HELOC Can Be Your Emergency Fund Tue, 26 Feb 2008 10:07:01 +0000 http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/#comment-7431 [...] Dollar Journey says he relies on a line of credit in an emergency. Never one to follow a crowd, Thicken My Wallet likes the cash method for emergencies - the more the [...] [...] Dollar Journey says he relies on a line of credit in an emergency. Never one to follow a crowd, Thicken My Wallet likes the cash method for emergencies – the more the [...]

]]> By: admin http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/comment-page-1/#comment-1750 admin Fri, 05 Oct 2007 15:56:23 +0000 http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/#comment-1750 I use to run a business advisory service. The costs were reasonable but the cash flow as unpredictable. You never knew when your clients needed you. Riscario: Printers are almost loss leaders for the printer companies now so I am not surprised that they don't put too much craftsmenship in it. I use to run a business advisory service. The costs were reasonable but the cash flow as unpredictable. You never knew when your clients needed you.

Riscario: Printers are almost loss leaders for the printer companies now so I am not surprised that they don’t put too much craftsmenship in it.

]]> By: Riscario Insider http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/comment-page-1/#comment-1738 Riscario Insider Fri, 05 Oct 2007 01:57:13 +0000 http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/#comment-1738 Emergency fund vs line of credit? Having both gives additional flexibility. I'd worry that the line of credit would not be available at the time of the emergency. MillionDollarJourney makes an interesting point. With a fairly stable income, a line of credit seems sufficient. The money that would otherwise be in your emergency fund could then be invested in higher yielding, less liquid investments. I'm glad you figured out that your printer was still under warranty. No one wants a big shock just after a purchase. Imagine if you'd bought used. Emergency fund vs line of credit? Having both gives additional flexibility. I’d worry that the line of credit would not be available at the time of the emergency.

MillionDollarJourney makes an interesting point. With a fairly stable income, a line of credit seems sufficient. The money that would otherwise be in your emergency fund could then be invested in higher yielding, less liquid investments.

I’m glad you figured out that your printer was still under warranty. No one wants a big shock just after a purchase. Imagine if you’d bought used.

]]> By: MillionDollarJourney.com http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/comment-page-1/#comment-1724 MillionDollarJourney.com Thu, 04 Oct 2007 13:05:57 +0000 http://www.thickenmywallet.com/blog/wp/2007/10/04/to-emergency-fund-or-not-to-emergency-fund/#comment-1724 Great post, if you don't mind me asking, what kind of business do you run? I can see how the emergency fund philosophy would differ for someone who has irregular income. Great post, if you don’t mind me asking, what kind of business do you run? I can see how the emergency fund philosophy would differ for someone who has irregular income.

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