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

[notreallyagirl.livejournal.com]

"The easiest way would be to start before you ever had to rely on living on your own," he said, looking thoughtful, "but at that age most people aren't thinking like that."