Maths For Real Life, Period 1, Class 9 [3/10]

[notanactualfairy]

Jean-Paul paced before the board as he spoke. "Let us talk a bit about savings. Financial experts agree you should have an emergency fund in case of, well, emergencies: unexpected expenses, sudden unemployment, et cetera. A trip to Cabo is not an emergency, let us just get that out of the way right now. There is some disagreement on how much one should have in this fund, but generally opinion ranges from three months' income to eight. One thing most financial experts will not explain to you, however, is how the hell you are supposed to put back three to eight months' income quickly when there are bills to pay and, most likely, debt to consider and non-emergency items like trips to Cabo to save for. How would you go about doing so? Discuss."

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Re: Discuss

[new-to-liirness.livejournal.com]

"I would say there isn't a way of putting it away 'quickly'," he put forth. "But I do think that it could be done in the space of a year or so by forgoing a trip to wherever it is you mentioned and doing without frivolities for the time being. Such a fund, I would think, is important enough that such niceties could be put aside for a time to create it."