This is just commie bullshit. Those “Americans can’t afford a $500 emergency” studies only look to see if Americans have an extra $500 in their checking account. They don’t look at savings accounts, or CDs, or Money Market accounts, or brokerage accounts.
With high inflation you don’t want lots of money in a non interest bearing account.
Yeah I've seen that in articles before. "Oh no Americans have no money in checking!" I keep very little in checking by design. It's a transactional account. Income comes in, every dollar has a place it belongs before it even shows up. I keep a bit of cash in the house.
What emergency is going to come up that it can't be covered by the cash, a charge card, or wait a couple business days? I can't think of anything.
This is just commie bullshit. Those “Americans can’t afford a $500 emergency” studies only look to see if Americans have an extra $500 in their checking account. They don’t look at savings accounts, or CDs, or Money Market accounts, or brokerage accounts.
With high inflation you don’t want lots of money in a non interest bearing account.
Yeah I've seen that in articles before. "Oh no Americans have no money in checking!" I keep very little in checking by design. It's a transactional account. Income comes in, every dollar has a place it belongs before it even shows up. I keep a bit of cash in the house.
What emergency is going to come up that it can't be covered by the cash, a charge card, or wait a couple business days? I can't think of anything.