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Re: Using your Roth as part of your emergency fund--good idea?
Old 05-17-2007, 04:04 PM   #10
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Join Date: Feb 2007
Posts: 89
Quote:
Originally Posted by Nords
My point is that it's all too easy to whip out the plastic or a checkbook to handle an "emergency" that's really just a temporary crisis. ("You call that 'resort attire'?!? You better believe this is an emergency-- a fashion emergency!!") The money's just too accessible.
aha, I getcha now.

you know, I used to be that kind of person ('fashion emergency!!!'), but I'm so disciplined nowadays...an emergency is a major health issue, or...well, I think that's pretty much it. I pay all my bills on time, so I don't need to worry about the heat getting turned off, or anything like that.

I did recently shell out some extra $, because I started looking at my job options, & needed a new portfolio (not cheap - $130) & a few new pieces of clothing. But I wouldn't call that an emergency - it just means that I'll cut back on my spending for the rest of the month.

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