Re:Every thought about personal finance I've ever had, as co...
by chii on Saturday February 27, 2021 @09:07AM
(#26284910)
> everytime I have to replace my MacBook.
that's not an emergency! And having a few thousand dollars of liquid cash in a bank account is no brainer.
A real emergency might be like a roof collapse, where you need 10-20k to fix. Or a medical emergency, or a family issue where a fair chunk of change is needed. Using margin is a good way, and is much lower interest than a credit card, provided you have the witherall to pay it back.
that's not an emergency! And having a few thousand dollars of liquid cash in a bank account is no brainer.
A real emergency might be like a roof collapse, where you need 10-20k to fix. Or a medical emergency, or a family issue where a fair chunk of change is needed. Using margin is a good way, and is much lower interest than a credit card, provided you have the witherall to pay it back.