“Does no one set money aside and or have savings for an emergency such as this?”
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The short of the long is that many folks are like the grasshopper in that they think Winter will never come.
My beloved explained to me quite early on in our marriage putting purchases on credit cards can kill a person’s future.
I would try to explain that to the women (and some men) who did not see the wisdom of participating in my company’s matching funds program. It was like trying to teach a dog to speak another language other than barking.
Who wouldn’t see the wisdom of putting away 6% of their paycheck with the company matching 80%? A lot of folks.
Don’t mean to disparage pooches, by the way. LOL
Guess I was fortunate. My dad sold life insurance for a time when I was a kid so I got good lessons in planning for the unexpected. Your right about credit cards...I’ve never understood the gimme it now and I’ll pay more later mentality. We have one card and it’s for emergencies only. If we can’t afford to pay for something we want (not need) we do without.
How about trying to put away 6% of an already inadequate paycheck with NO matching from the employer? Also not doing any great things in the meantime, like owning a car that wasn’t very recent vintage, living in a house that needed some expensive repairs, & having no medical insurance. This was all occurring BEFORE the coronavirus came along.