“China gets 10pc growth: the US gets 10pc unemployment. That doesn’t seem the basis for a happy marriage,” said Prof Fergusson
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Showing posts with label jobs. linkage. Show all posts
Showing posts with label jobs. linkage. Show all posts
Friday, September 17, 2010
Sunday, March 21, 2010
quote of the day
"You've got to realistically look at what preps you need and what you can afford. Then figure out what's "good enough" and fits your budget."
-TEOTWAWKI Blog
-TEOTWAWKI Blog
Sunday, June 21, 2009
Super Long Comment Becomes a Post
Sometimes a super long comment becomes a post. This is one of those times.
Dear The Survival Mom,
Gosh, Interesting post aside sorry to hear about your recent misfortune. The story about your son was sure sad. Glad you all at least had food. Aside from canned stuff it is pretty hard to stock vegetables, fruits etc. Maybe keeping a normal amount of stuff you regularly consume and having sort of a one or two week micro rotation. That would at least give you a small normal food buffer.
One thing I think people really somehow ignore is emergency funds. We fail to realize that a slow down at work, injury or a job layoff is far more common then an earthquake, tsunami, hurricane or zombie attack. You might never have more than a couple day power outage but over the course of even the most charmed life there will be some times your expenses or income rapidly change. Especially in a modern world where most families rely on two incomes the odds of something happening with one are high. While 50% of your household income is far better than 0% you really don't have the long term option of paying 50% of your bills.
When your income/ money situation get back closer to normal I strongly suggest the following. First let me explain a couple informal definitions which I am going to use.
Your cash expenses are expenses you need to pay in cash. Food, fuel, etc. These are your bare minimum short term survival expenses assuming the world doesn't end. This excludes mortgage, insurance, etc.
Your regular monthly expenses are a far more normal version of your monthly expenses excluding savings, investments, unnecessary travel, etc. This number is typically significantly higher than your cash expenses.
I suggest first you save one months cash expenses at home in cash. Having at least some of it in smaller bills is probably a good idea. Some ones area good thing but they are too bulky and inconvenient to have that much cash in. 20's are probably a good balance to have at least several hundred dollars in. Just don't have all 50's and 100's. This might take a few months to set aside. In college it took me several months to put away my $400 in one months cash expenses. Do this first.
Next start working on your emergency fund that is in the bank. Lots of people say different things and some suggest 6 months in regular monthly expenses in savings. I think that is a lot of cash to not have working for you but in any case 2-3 months might be more reasonable. Suppose it sort of depends on your job/ income stability. If you have a regular safe income that is recession proof 2-3 months set aside specifically for emergencies (layoffs, major car repair, etc) will probably be fine. Conversely those in construction, real estate, commission only work or any other jobs that lend themselves to relatively frequent layoffs, great variations in wages and the like might want 6 months or even more set aside.
Anyway those are my thoughts on the matter.
Good luck.
Later edited to include. The author had an emergency fund but since they were able to meet monthly essential bills without touching it they decided not to. So basically this whole post was off basis and I wasted a good 15 minutes of my life. In any case it is a reminder about emergency funds if nothing else.
Dear The Survival Mom,
Gosh, Interesting post aside sorry to hear about your recent misfortune. The story about your son was sure sad. Glad you all at least had food. Aside from canned stuff it is pretty hard to stock vegetables, fruits etc. Maybe keeping a normal amount of stuff you regularly consume and having sort of a one or two week micro rotation. That would at least give you a small normal food buffer.
One thing I think people really somehow ignore is emergency funds. We fail to realize that a slow down at work, injury or a job layoff is far more common then an earthquake, tsunami, hurricane or zombie attack. You might never have more than a couple day power outage but over the course of even the most charmed life there will be some times your expenses or income rapidly change. Especially in a modern world where most families rely on two incomes the odds of something happening with one are high. While 50% of your household income is far better than 0% you really don't have the long term option of paying 50% of your bills.
When your income/ money situation get back closer to normal I strongly suggest the following. First let me explain a couple informal definitions which I am going to use.
Your cash expenses are expenses you need to pay in cash. Food, fuel, etc. These are your bare minimum short term survival expenses assuming the world doesn't end. This excludes mortgage, insurance, etc.
Your regular monthly expenses are a far more normal version of your monthly expenses excluding savings, investments, unnecessary travel, etc. This number is typically significantly higher than your cash expenses.
I suggest first you save one months cash expenses at home in cash. Having at least some of it in smaller bills is probably a good idea. Some ones area good thing but they are too bulky and inconvenient to have that much cash in. 20's are probably a good balance to have at least several hundred dollars in. Just don't have all 50's and 100's. This might take a few months to set aside. In college it took me several months to put away my $400 in one months cash expenses. Do this first.
Next start working on your emergency fund that is in the bank. Lots of people say different things and some suggest 6 months in regular monthly expenses in savings. I think that is a lot of cash to not have working for you but in any case 2-3 months might be more reasonable. Suppose it sort of depends on your job/ income stability. If you have a regular safe income that is recession proof 2-3 months set aside specifically for emergencies (layoffs, major car repair, etc) will probably be fine. Conversely those in construction, real estate, commission only work or any other jobs that lend themselves to relatively frequent layoffs, great variations in wages and the like might want 6 months or even more set aside.
Anyway those are my thoughts on the matter.
Good luck.
Later edited to include. The author had an emergency fund but since they were able to meet monthly essential bills without touching it they decided not to. So basically this whole post was off basis and I wasted a good 15 minutes of my life. In any case it is a reminder about emergency funds if nothing else.
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