Emergency Fund Archive

  • Emergency Fund Talk: When it becomes a BIG DEAL

    Tweet There’s a guy I know who has a good paying job ($120,000 a year), lives with his second wife plus he still has alimony and child support and is starting to feel the financial pinch. Where do I begin? His mom is sick and […]

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  • When should you ask for more money?

    Tweet Apparently, if you are willing (able?) to leave your job, it is the best position to be in to ask for more money. This paper studies the ex-ante effect of worker separations on wage negotiations using matched worker–firm data from The Netherlands. We find […]

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  • A True Story: The Dark Side of Financial Insecurity

    Tweet Two years ago, my friend contemplated suicide. She had a husband and two kids, she was $50,000 in debt from living expenses, the only one holding down a job, and her husband spiraling deeper into depression, cutting himself off from the world. He’d shut […]

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  • The Other Side of Freelancing

    Tweet Story time! I have a friend who has a freelancing wife. She works in a very niche area of the industry, whereas he works at a company doing a completely different job, earning (my guess) around $40,000 a year. She originally used to pull […]

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  • Savings versus Emergency Fund: What’s the difference?

    Tweet QUESTION: Hi I was wondering if you could cover this in your blog, a lot of PF bloggers talk about having an emergency fund and savings, and I’m wondering what is the difference? Isn’t the purpose of saving so that when life emergencies happen […]

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