Chef Jim Posted April 1, 2015 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.
Trump_is_Mentally_fit Posted April 1, 2015 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.
Chef Jim Posted April 1, 2015 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.
Trump_is_Mentally_fit Posted April 1, 2015 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?
Chef Jim Posted April 1, 2015 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.
TakeYouToTasker Posted April 1, 2015 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.
Trump_is_Mentally_fit Posted April 2, 2015 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
Chef Jim Posted April 2, 2015 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.
Azalin Posted April 2, 2015 Posted April 2, 2015 I brought up a three year rainy day fund to mock you. It was obviously too subtle.
3rdnlng Posted April 2, 2015 Posted April 2, 2015 Doesn't everybody have at least three years of expenses sitting around that is instantly accessible?
Nanker Posted April 4, 2015 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.
meazza Posted April 4, 2015 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
3rdnlng Posted April 4, 2015 Posted April 4, 2015 My expenses are very low, so... yes Well, if I need money I'll just drill another gas well!
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