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

[ecirpnellehada.livejournal.com]

Adah's method of 'discussion' was to take a moment or two or perhaps a wee bit more to throw together a quick, but detailed budget on a suspected low income and its adjustments to accommodate a small slice of it going away into this said fund. Most of the cuts she made, it would be noted, were from entertainment and food. She also put together a second budget, one that she'd actually put a lot more thought into even before this class, that took into account a great deal of costs for medical school. She frowned at it a moment before presenting her part of the 'discussion;' it was a good thing she was raised poor because she was going to continue barely squeaking by for another eight or ten years.