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You should have an emergency fund. You never know when something bad will happen. For all you know your house could get bulldozed or you car could get damaged by something the insurance doesn't cover
That's my problem: I start saving and then suddenly I have a huge expense and I need to empty out my savings. Happens at least every six months.
I'd argue that's proof of your emergency fund working! You were able to save enough money to cover an unexpected expense/emergency without having to go into credit card debt.
Kudos! You should feel proud of yourself!
It sounds like you built and then benefitted from an emergency fund. Nice!
That means it’s working. You’re doing exactly what you need to and it’s absolutely paying off!
I agree with the others, you sound like the type of person that the emergency fund is designed for.
Well I guess you could cut costs. I don't know I'm not a financial advisor
I cook at home mostly, I don't go on vacations, my cars are both at least 8 years old, and I live in a low COL area.
I guess I could kill one of my children but I don't think that would make economic sense.
You're right. Have your smartest kid set up a Minecraft smp server that has microtransactions
Or become a Ticktok star. All you need to do is confidently say made up facts
You're right.
It WOULD make economic sense to sell those kids into slavery.
Why not profit from those rug rats?
This sounds obvious/rude, but have you tried making more money?
Or the most common reason people dip into the emergency fund… unemployment.
Ask me how I know 😭it all worked out ok in the end but woof 6 months no income is scary shit. Save for the rainy day people!
What happens if I don't own a car or house :(
Well you still should have some sort of emergency fund
You'll save a bundle. Cars and houses cost a fortune to keep.