Chef Jim Posted April 1, 2015 Share Posted April 1, 2015 Actually I do. In the bank? Link to comment Share on other sites More sharing options...
Tiberius Posted April 1, 2015 Share Posted April 1, 2015 In the bank? no Link to comment Share on other sites More sharing options...
Chef Jim Posted April 1, 2015 Share Posted April 1, 2015 no Then it's not a rainy day fund. But then again I guess you'd need three years worth seeing if you lost your job it might take you three years to find someone dumb enough to hire you. Link to comment Share on other sites More sharing options...
Tiberius Posted April 1, 2015 Share Posted April 1, 2015 Then it's not a rainy day fund. But then again I guess you'd need three years worth seeing if you lost your job it might take you three years to find someone dumb enough to hire you. Oh, definitions again... No, I have enough to get through three years, not that I'd wait around that long to find a job. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 1, 2015 Share Posted April 1, 2015 Oh, definitions again... No, I have enough to get through three years, not that I'd wait around that long to find a job. Oh those pesky definitions. They always get in your way don't they. We'll go easier on you going forward. Link to comment Share on other sites More sharing options...
Tiberius Posted April 1, 2015 Share Posted April 1, 2015 Oh those pesky definitions. They always get in your way don't they. We'll go easier on you going forward. So if I had enough to get by, but it was not in a bank, it wouldn't be a "rainy day fund," correct? Link to comment Share on other sites More sharing options...
Chef Jim Posted April 1, 2015 Share Posted April 1, 2015 So if I had enough to get by, but it was not in a bank, it wouldn't be a "rainy day fund," correct? No it would be an individual investment account. A rainy day fund or emergency fund is typically 3-6 months of fixed expenses to hold you over due to a job loss or short term disability of some sort and it should be in the bank with no risk. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted April 1, 2015 Share Posted April 1, 2015 So if I had enough to get by, but it was not in a bank, it wouldn't be a "rainy day fund," correct? Well, technically it could be a "rainy day fund" if it was held in a non-qualified account, though unless it was in a cash position, it would be an incredibly stupid place to keep emergency savings. Link to comment Share on other sites More sharing options...
Tiberius Posted April 2, 2015 Share Posted April 2, 2015 No it would be an individual investment account. A rainy day fund or emergency fund is typically 3-6 months of fixed expenses to hold you over due to a job loss or short term disability of some sort and it should be in the bank with no risk. Then why bring it up for a three year situation? Definition that Well, technically it could be a "rainy day fund" if it was held in a non-qualified account, though unless it was in a cash position, it would be an incredibly stupid place to keep emergency savings. Well, technically, yes, of course Link to comment Share on other sites More sharing options...
Chef Jim Posted April 2, 2015 Share Posted April 2, 2015 Then why bring it up for a three year situation? Definition that I brought up a three year rainy day fund to mock you. Link to comment Share on other sites More sharing options...
Azalin Posted April 2, 2015 Share Posted April 2, 2015 I brought up a three year rainy day fund to mock you. It was obviously too subtle. Link to comment Share on other sites More sharing options...
3rdnlng Posted April 2, 2015 Share Posted April 2, 2015 Doesn't everybody have at least three years of expenses sitting around that is instantly accessible? Link to comment Share on other sites More sharing options...
Nanker Posted April 4, 2015 Share Posted April 4, 2015 Doesn't everybody have at least three years of expenses sitting around that is instantly accessible? Well, some don't. Some do. Link to comment Share on other sites More sharing options...
meazza Posted April 4, 2015 Share Posted April 4, 2015 Doesn't everybody have at least three years of expenses sitting around that is instantly accessible? My expenses are very low, so... yes Link to comment Share on other sites More sharing options...
3rdnlng Posted April 4, 2015 Share Posted April 4, 2015 My expenses are very low, so... yes Well, if I need money I'll just drill another gas well! Link to comment Share on other sites More sharing options...
Recommended Posts