Rainy Day Fund
You guys have a rainy-day fund right? That’s money put away “for a rainy day.”
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Comments
In this day and age, I think we all need to be serious about some emergency fund money. Unfortunately, in this day and age, it’s hard to have anything left over to start an emergency fund in the first place.
Boy, can I ever empathize with this. There’s nothing like having a financial safety net, and watching it dwindle away. I agree with Dale–it’s a hard starter, but vital to have.
Hello, Chris Watkins! Welcome to Life’s a Witch. Boy, you sure aren’t kidding. *sigh* There’s always something going on that needs money.
I’m a gaijin in Japan, and over here we have a similar, and quite popular, system.
In Japan, the highest-value coin is 500 yen – about equivalent to $5 – and is quite large and golden. My family (and quite a few others) collect all the 500-yen coins we get back as change, putting them in coin boxes. Once the coin box is full, it’s taken to the bank, cut open, and deposited.
Sometimes, it’s used for something special. Sometimes, to replenish the “emergency fund” – which is sadly very necessary in Japan, as with the hospitals it’s cash only and medical insurance doesn’t pay back until well after the fact.
Red, that’s really interesting! We have coin jars over here (using a box made me do a double-take…it never occurred to me). Some people just put quarters and dimes in (the “silver” money) and take it to the bank for savings, or keep pocket-fulls out for parking change if they live or work in town (for parking meters or tolls). There is a fable going around the internet about a guy who started emptying his pocket change into the coin jar on the day his son was born to pay for his son’s college.
We have tried having a coin jar in our house, but with two little kids, there was always something going on that needs cash and the coin jar never gets full. I think I’ll try to start one up again (but then I’d have to start using cash again! I have been using my cash-card as they are accepted just about everywhere).
The way we do it is all the change goes into a jar, then after the jar is filled then we use that to spend.
I love this comic this time especially.
It’s cute.
And sorry about not being able to stay long.
Today was a REALLY busy day.