Quote from: Agbamoni on Today at 03:18:22 PM

Quote from: IceLincoln on September 10, 2025, 06:15:38 PM

the too much of labels and names we give to this funds is sometimes what’s confusing us. Reserve funds are for eventualities you ran out of cash and there’s a need to buy something for the house, or for specific planned future needs, but they’re more flexible than the emergency funds.

No too much label on what reserve fund is. Or to what discretionary income is. It is individuals who dont like learning or reading that always make the mistake of relating them. If they dont understand what weve been talking about after 47 pages of this thread, my dear they dont deserve to be replied. People lack reading and understanding. Most persons mistake discretionary income for reserve fund which is kind of annoying.

Sometimes we complicate or confuse a simple topic by talking too much. There is no depth to gain knowledge about reserve funds, or even about prudent money or prudent sources of income. I think a newbie will be able to gain sufficient knowledge about backup (emergency fund, reserve fund or cash flow etc.) funds after spending some time. But there is no desire to gain knowledge among them, rather they are focused on posting. It is better for a newbie to develop the habit of reading more than posting so that they can gain knowledge to post and not be seen making strange statements.