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-- Another get those letters off your chest thread
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My mortgage on this fucking condo is debt enough Also: car.

I'll pay off my bills thanks

I'm just saying

Also, cash in the bank and/or investments is better than relying on credit for "huge unexpected expenses". I just feel "safer" knowing I have shit saved.

Everyone should have enough savings for up to 6 months without any income. Sadly most people have shit =/

i agree.

but let's say you get a house and the roof caves in. That kind of scratch is more than i tend to keep in a savings account. I'm not talking little 2 grand unexpected expenses here

Savings account = ew.

Then I hope you had house insurance

Savings accounts are awesome when you have V.I.P. accounts

I wasn't talking about that either. Lol, 2 grand.

quote:

Originally posted by Schadenfreude i agree. but let's say you get a house and the roof caves in. That kind of scratch is more than i tend to keep in a savings account. I'm not talking little 2 grand unexpected expenses here Savings account = ew.

Chances are that would be covered by insurance...

quote:

Originally posted by Lews Then I hope you had house insurance Savings accounts are awesome when you have V.I.P. accounts

I keep big sums of money in GICs. My saving account is reserved for what I call my "thoughtless saving". I signed up for a high interest tax free account, and have it linked to my chequing so that every time I use my debit card a couple bucks gets transferred into my savings. Only thing about that account is I can only deposit, ummmmm I think 5 grand of my own money every year? I think it's 5. At any rate, I love it.

quote:

Originally posted by jennypie I keep big sums of money in GICs. My saving account is reserved for what I call my "thoughtless saving". I signed up for a high interest tax free account, and have it linked to my chequing so that every time I use my debit card a couple bucks gets transferred into my savings. Only thing about that account is I can only deposit, ummmmm I think 5 grand of my own money every year? I think it's 5. At any rate, I love it.

You can actually deposit more but only 5K is tax exempt (I think).

of course, but you do know how long insurance can take to pay out from experience i am sure.

look at the ice storm we had a few years back. It took us 8 months to finally get paid back for the work. Until you get that money back, you still need to fix the problem, which is an expense that is out of pocket until the refund.

This is just an example of course, there are many other "doomsday" scenarios that it is good to be prepared for by having a line of credit which would allow you to proceed immediately.

quote:

Originally posted by Moral Hazard You can actually deposit more but only 5K is tax exempt (I think).

Oh really?? Shit, sweet!

quote:

Originally posted by Schadenfreude of course, but you do know how long insurance can take to pay out from experience i am sure. look at the ice storm we had a few years back. It took us 8 months to finally get paid back for the work. Until you get that money back, you still need to fix the problem, which is an expense that is out of pocket until the refund. This is just an example of course, there are many other "doomsday" scenarios that it is good to be prepared for by having a line of credit which would allow you to proceed immediately.

The ice storm was a cluster-fuck and contractors were taking advantage of people. Normally, in a property claim the contractor will direct bill the insurer and all you have to pay is the deductible. And of course, I do know from experience how insurance works... you know... seeing as I'm a claims manager.

I have a claim you can manage. ^^

quote:

Originally posted by Moral Hazard The ice storm was a cluster-fuck and contractors were taking advantage of people. Normally, in a property claim the contractor will direct bill the insurer and all you have to pay is the deductible. And of course, I do know from experience how insurance works... you know... seeing as I'm a claims manager.

hence why i mentioned your experience.

it was just an example among many things that can come up where you need big money, and fast. This may or may not apply to hookers n blow as well .

Everything applies to hookers and blow.

There should really be a hookers n blow registered savings plan. I'll have to send a letter to my bank.

the account comes with extra back end interest.

quote:

Originally posted by jennypie I have a claim you can manage. ^^

I should have said adjuster... "I'll adjust your claim!" flows better.

quote:

Originally posted by Schadenfreude the account comes with extra back end interest.

I'll give you some extra back-end interest.



























I don't even know what that means

Welp, merry fishmas!

quote:

Originally posted by jennypie Welp, merry fishmas!

I'll mass your fish!

honestly, I haven't been drinking.

HOLY SHIT, why haven't *I* been drinking?? Goddammit, I'm slipping.

P.S. nice threadjack gang. ^5

quote:

Originally posted by jennypie P.S. nice threadjack gang. ^5

I'll jack your thread!


holy fuck am I bored.

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