Quote:
Originally Posted by danielf
I have to say that Flyboy does have a point. Ideally, one would make sure that the savings one has are sufficient to tie one over for a reasonable time so you can take action like selling the car and house if needed. The fact they couldn't suggests they were spending a bit more than they should. The fact that they don't smoke or drink is neither here nor there. Perhaps their mortgage was a bit higher than they could really afford.
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savings have a finite quantity they don't last forever,how long is a reasonable time ? 3 months ,6 months ? Maybe the car had finance on it so had to be sold at minimum price to clear the finance same for the house
If you read the article the family had exhausted their savings ,maxed out their credit cards tried to sell the car and the house