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SVTPerformance's Chain of Restaurants
Road Side Pub
Another "what would you do" financial situation
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<blockquote data-quote="starnsey" data-source="post: 14811932" data-attributes="member: 132253"><p>Wife and I bought a house this past year which reduced our savings account hugely. First priority was getting emergency savings reloaded before 401k, especially since my company doesn't contribute for the first year, so I'm not losing out on the free money yet.</p><p></p><p></p><p></p><p>Hmm, simple solution that I didn't think of! Good idea.</p><p></p><p>My definition of emergency savings is just a minimum balance in a savings account that could cover my wife and my basic financial needs should us both get laid off from our jobs at exactly the same time (not likely but obviously it's a slim possibility). Once that balanced is reach, we still contribute to keep it growing but can contribute less and utilize is for "less desperate" emergencies without much worry.</p><p></p><p>New vehicle would be a pickup truck of some sort most likely.</p></blockquote><p></p>
[QUOTE="starnsey, post: 14811932, member: 132253"] Wife and I bought a house this past year which reduced our savings account hugely. First priority was getting emergency savings reloaded before 401k, especially since my company doesn't contribute for the first year, so I'm not losing out on the free money yet. Hmm, simple solution that I didn't think of! Good idea. My definition of emergency savings is just a minimum balance in a savings account that could cover my wife and my basic financial needs should us both get laid off from our jobs at exactly the same time (not likely but obviously it's a slim possibility). Once that balanced is reach, we still contribute to keep it growing but can contribute less and utilize is for "less desperate" emergencies without much worry. New vehicle would be a pickup truck of some sort most likely. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Another "what would you do" financial situation
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