Matters of money
My husband and I are not wealthy, but I love that he is pretty good with money, and we have a buffer that seemingly gives us options. Or so I thought, until I watched Suze Oreman tonight.
I've been giving a lot of thought to emergency funds lately, and thought that having a few months worth of all our current bills would be enough (there are also quite a few places to cut corners, though it would also mean cutting into long term savings, and things like cable, internet, and other conveniences that we enjoy). But when I watched dear Suzy, she was informing people with 40K worth of savings that they could not afford a 2500 pet.
I can certainly appreciate where she's coming from - it's all about savings/income vs. expenses, and they certainly had higher expenses than we do. But it really made me worry about our long term savings. We're putting away what we can, but I'm not convinced we are where we should be with some of that. I'd love to increase it, but there are very few areas that we are now willing to cut back on. I'm now feeling a little guilty about a short trip that we're planning to Halifax at the beginning of June to see Alegria, but it will also be the last frivolous trip we'll be taking for quite some time.
Her mantra - People first, then money, then things - makes a lot of sense, and I'd like to adopt it for myself too.
I've been giving a lot of thought to emergency funds lately, and thought that having a few months worth of all our current bills would be enough (there are also quite a few places to cut corners, though it would also mean cutting into long term savings, and things like cable, internet, and other conveniences that we enjoy). But when I watched dear Suzy, she was informing people with 40K worth of savings that they could not afford a 2500 pet.
I can certainly appreciate where she's coming from - it's all about savings/income vs. expenses, and they certainly had higher expenses than we do. But it really made me worry about our long term savings. We're putting away what we can, but I'm not convinced we are where we should be with some of that. I'd love to increase it, but there are very few areas that we are now willing to cut back on. I'm now feeling a little guilty about a short trip that we're planning to Halifax at the beginning of June to see Alegria, but it will also be the last frivolous trip we'll be taking for quite some time.
Her mantra - People first, then money, then things - makes a lot of sense, and I'd like to adopt it for myself too.