Quote from: Mastsetad on November 25, 2016, 04:15:26 PM

Quote from: tabas on November 25, 2016, 09:46:05 AM

Quote from: Mastsetad on November 25, 2016, 08:25:20 AM

Quote from: freedomgo on November 25, 2016, 05:47:07 AM

Quote from: swogerino on November 24, 2016, 06:27:23 PM

That's why it is always good to have an emergency fund so you don't get into this hole in the first place.

How I wish people understand that, some are just needing money for their daily needs and no intention to save. A person must be educated to understand how it is necessary I guess.

People actually don't think of it when they have the money in hand and they just spend everything without thinking to save some of it which can be of work later on, they even buy the things they don't need and later on they realize they shouldn't have done that.

There are some situations that we can't really avoid just like emergency scenarios but it is going to be needed with proper solution. Especially when a person is needed to have desperate money and if that happens to me, I don't have choice but to use the money that I've been saving for a long time but of course I won't use them all.

That is what i'm saying, that if someone saves some money for himself or his future then he can use that money in desperate need but if someone does not save anything and then he faces an emergency situation then it will create problems for him as he will have to manage some money in a short period of time.

Yeah, and when you don't plan ahead for an emergency and big issue arise and you don't have the emergency fund. People are going something deeper in debt and they make bad moves.

So the solution is to save automatically 10% of your income.