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July 27, 2010

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Thom

I just read the blog on how long you can stay unemployed.
I agree you should have cash you can get your hands on but
I feel the amount should be mush higher.If you have $1,000-5,000
stashed into a savings account, your out of work then you need a new roof
there goes $3,000-$5,000 right there. The problem is we have is people who
live week to week and when they do have extra money they go out to dinner or buy a new flat screen TV. They use credit cards to buy things they can not afford. Then they have to make choices on which bills to pay.
So I feel $15,000 in a savings and $500 at home would be a much better safety net

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