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Every Thing Else Board
How mush cash?
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<blockquote data-quote="tom4018" data-source="post: 1248300" data-attributes="member: 55"><p>For us we keep some actual cash in the safe for an emergency. I guess you could say the rest of our emergency fund is in the bank in CD's which we could get to if needed, only pay a interest penalty. Which would be small with no more than it earns. We try to keep enough in a regular checking and savings to take care of normal things, do we have enough? I guess we get by. </p><p></p><p>I guess I am one of the guys since I bought a new disc mower this year. Man it was hard to buy, I did finance even though I could have paid cash as I did not want to deplete our reserves that much.</p><p></p><p>We have cattle that could be sold if need be, and really have thought about getting out of it. Maybe lease the farm but then again that is another topic.</p><p></p><p>Most of our money is invested in 401K and IRA's, believe me I wish we had more but we have what we have. We made our mistakes when younger and have learned some lessons. It really bothers me going anymore in debt, sat here many times in the last few weeks regretting the disc mower purchase. </p><p></p><p>I am fortunate to have a great paying job, sure it could be gone tomorrow and would really put us in a downhill slide. We could make it a while but it would be scary. I feel we are better off than the average person is though.</p><p></p><p>You sound like you have done well. Do what you feel is right for you and don't let what others do bother you.</p></blockquote><p></p>
[QUOTE="tom4018, post: 1248300, member: 55"] For us we keep some actual cash in the safe for an emergency. I guess you could say the rest of our emergency fund is in the bank in CD's which we could get to if needed, only pay a interest penalty. Which would be small with no more than it earns. We try to keep enough in a regular checking and savings to take care of normal things, do we have enough? I guess we get by. I guess I am one of the guys since I bought a new disc mower this year. Man it was hard to buy, I did finance even though I could have paid cash as I did not want to deplete our reserves that much. We have cattle that could be sold if need be, and really have thought about getting out of it. Maybe lease the farm but then again that is another topic. Most of our money is invested in 401K and IRA's, believe me I wish we had more but we have what we have. We made our mistakes when younger and have learned some lessons. It really bothers me going anymore in debt, sat here many times in the last few weeks regretting the disc mower purchase. I am fortunate to have a great paying job, sure it could be gone tomorrow and would really put us in a downhill slide. We could make it a while but it would be scary. I feel we are better off than the average person is though. You sound like you have done well. Do what you feel is right for you and don't let what others do bother you. [/QUOTE]
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How mush cash?
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