Do you put money on the side for rainy days?
• United States
10 Feb 07
Yes, I do and I also do it because it makes me feel safer. I also do it though because I want things that cost money. My tactic is to always have twice as much money in saving as the amount of my "expected" expenses. It isn't always possible to have twice as much savings as expenses because of unexpected expenses. But, having twice as much saving as expenses leaves a bit of room for the unexpected. I am also always looking for different sources of income. Just like they say for investments, diversify! This way if I loss a job or pay gets cut back I have back ups. Ultimately it isn't just about feeling safe though, it is about the challenge of the "game" of making money. A big part of the challenge is developing will power through restraint of spending.
6 Feb 07
Yes we do. (myself and my wife) We have to keep abit on the side which slowly builds up. we're currently trying to save up to get a council house which isn't the greatest but private rent for teens is like hell. (since landlords judge young people all the same)
24 Jan 07
I do not save money for my rainy days on purpose. I just try to spend less money than I earn. That is when I can! But somehow I always manage. It is not in a special bank account or anything but I know I have a certain spending limit and try to stick to it.
• United States
19 Jan 07
I wish I could, but I cannot. We live paycheck to paycheck. It is very difficult to save. I can only save change. I save dimes and quarters. They add up faster than pennies or nickles. That's the extent of it. You are wise to save for rainy days.