DSG Fire Drill!!!!!
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DSG Fire Drill!!!!!
| Sat, 06-26-2004 - 2:28am |
We had a fire drill at work this week, so I thought I'd try a fire drill on the board...
A couple months ago I asked a similar question, and I thought I'd ask it again so that new folks would have a chance to think about this and old folks could see if their answers have changed.
Here goes:
AT THIS VERY MOMENT THAT YOU ARE READING THIS, YOU NEED TO PAY $500.00 FOR SOME EMERGENCY WITHIN THE NEXT 2 HOURS....LIKE MAYBE YOU HAVE A MEDICAL CRISIS OR YOU HAVE TO PAY FOR AN IMMEDIATE, UNEXPECTED CAR REPAIR, OR YOU HAVE TO POST BAIL........WHERE WOULD YOU GET THE $500.00???
Do you have it in your savings? Would you have to use a credit card? Would you have to ask someone to borrow the money? Is there something you can immediately sell? Would you have no way to get the money and be sunk?
The fire alarm is ringing!
Littlesbigs

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Littlesbigs
Dion
kelly
You know at first I thought *WAHHHHHHHH - I've failed - I'd have to put it on the credit card"
BUT WAIT!!!
Becky
CL of 4th, 5th & 6th grade Scoliosis
Kelly - you can do both!
Becky
CL of 4th, 5th & 6th grade Scoliosis
I'd put the $500 on a credit card, and then hop online and transfer the money from our ING emergency fund.
Then, of course, I'd be grumpy about having to stop the snowball and rebuild our emergency fund, but hey-at least it's there, and that's what it's supposed to be used for.
Once we get a couple more things paid off, I want to have at least $500 in cash really accessible, not just in the ING account.
Lisa
Amy
Co-CL Budget Tips & Ideas
http://messageboards.ivillage.com/iv-mlsavings
"I don't need no one to tell me about heaven, I look at my daughter and I believe" Live Heaven
This would be the first emergency we could handle without panicking how we'd deal with it.
But like another poster wrote, it certainly wasn't always this way.
Kassandra
Kassandra
"It is said that life has its peaks and valleys. The challenge is to accept them equally and experience them
Dana
if we had an emergency, and we needed to pay $500.00, i would take it from savings.
mym
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