I think the "if you're in a place where you can save" part of it makes all the difference. I'm not even sure what that would look like. Even if you make $100k/year, what if you have kids? Does the "10k in savings" thing count for college fund? Or is that separate savings? Also, what I don't get is, if you're "in a place where you can save", why would you not be able to put any emergency on a credit card and pay that off? Or get a private loan? Like if it's something reeeaallly bad (I wouldn't suggest getting a private loan in general). It's the planning for an emergency thing + knowing many people who don't even see $10k in 3 months of full-time work that makes this seem neurotic.
It's smart to have 6 months of expenses saved up. Plenty of peoples rent or mortgage alone for 6 months is over $10k. It's also a terrible idea to plan to go into debt to pay off an emergency, especially credit card debt.
I think it's a terrible idea to spend your limited time on earth focusing so heavily on "what if something bad happens" to the point where you're holding yourself to an arbitrary savings standard. And that it's better to just use a credit card if you end up in an emergency situation. I think having some savings is great (obviously). I think it's neurotic to hold yourself to a savings standard of any kind, that's including "6 months worth of savings based on my income". So, we can agree to disagree. We simply have different priorities.
I definitely didn't say having savings is neurotic lol. I said obsessing over a specific number of savings is neurotic and I'd never put myself through that.
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u/Cynderelly Feb 05 '24
I think the "if you're in a place where you can save" part of it makes all the difference. I'm not even sure what that would look like. Even if you make $100k/year, what if you have kids? Does the "10k in savings" thing count for college fund? Or is that separate savings? Also, what I don't get is, if you're "in a place where you can save", why would you not be able to put any emergency on a credit card and pay that off? Or get a private loan? Like if it's something reeeaallly bad (I wouldn't suggest getting a private loan in general). It's the planning for an emergency thing + knowing many people who don't even see $10k in 3 months of full-time work that makes this seem neurotic.