I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.
What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?
For the extra brave ones: how much savings do you have, and what are you planning to do with them?
A 200k expense won’t destroy me or lock me out of my house or completely destroy my retirement. No inheritance, went to college, and knew buying a house early was key, saved about 25% income for 3 years to put 45k down on house.