Comments on: What’s Your Financial Emergency Plan? https://www.campfirefinance.com/financial-emergency-plan/ A personal finance community for those seeking FIRE, by those seeking FIRE Fri, 29 May 2020 00:24:39 +0000 hourly 1 https://wordpress.org/?v=5.4.1 By: Ty @ Get Rich Quick'ishhttps://www.campfirefinance.com/financial-emergency-plan/#comment-967 Wed, 15 Mar 2017 17:54:00 +0000 http://www.getrichquickish.net/?p=2254#comment-967 In reply to SomeRandomGuyOnline.

Thanks @somerandomguyonline:disqus. Cutting expenses is a good way to weather the storm, but the storm only comes to an end once you’ve got a new job — networking a great way to find that next job. It’s way better than applying for jobs that you (and a million other job seekers) found on a career site.

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By: SomeRandomGuyOnlinehttps://www.campfirefinance.com/financial-emergency-plan/#comment-966 Wed, 15 Mar 2017 17:07:00 +0000 http://www.getrichquickish.net/?p=2254#comment-966 Great post, Ty! Glad things turned out to be a whole bunch of nothing. I don’t have an official emergency financial plan per se, but I think it would be pretty similar to yours.

I think your last point is pretty important as well: keep up with your professional contacts and network. This could definitely help in terms of finding a new job.

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By: Ty @ Get Rich Quick'ishhttps://www.campfirefinance.com/financial-emergency-plan/#comment-965 Wed, 15 Mar 2017 16:34:00 +0000 http://www.getrichquickish.net/?p=2254#comment-965 In reply to Emily May.

thanks @emily_brookes:disqus – it actually wasn’t too stressful. I’m sure the stress would have hit had I actually lost my job, but the thought of it just make me do a quick check on my emergency plan. I think starting with a cash fund is a great place to start. When the flow of incoming funds stops – it’s important to have access to something! Thanks for stopping by!

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By: Emily Mayhttps://www.campfirefinance.com/financial-emergency-plan/#comment-964 Wed, 15 Mar 2017 15:01:00 +0000 http://www.getrichquickish.net/?p=2254#comment-964 Hope you’re not too stressed after that. Can’t believe I have never though about an emergency plan! I definitely need to get something in place. I think starting an emergency cash fund would probably be best for me!
http://www.theprettypassiveincome.com

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By: Claudia @ Two Cup Househttps://www.campfirefinance.com/financial-emergency-plan/#comment-963 Tue, 14 Mar 2017 23:40:00 +0000 http://www.getrichquickish.net/?p=2254#comment-963 In reply to Ty @ Get Rich Quick’ish.

Haha. Thanks! 🙂

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By: Ty @ Get Rich Quick'ishhttps://www.campfirefinance.com/financial-emergency-plan/#comment-962 Tue, 14 Mar 2017 23:21:00 +0000 http://www.getrichquickish.net/?p=2254#comment-962 In reply to Claudia @ Two Cup House.

Smart, Claudia. Of course I’d expect nothing less from someone that just paid off $204,971.31 in debt!! Congratulations!! http://twocuphouse.com/2017/03/14/debt-freedom-oh-yeah/

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By: Claudia @ Two Cup Househttps://www.campfirefinance.com/financial-emergency-plan/#comment-961 Tue, 14 Mar 2017 23:03:00 +0000 http://www.getrichquickish.net/?p=2254#comment-961 Our emergency fund is inadequate, but we’re working on it this year. I had a real problem with scarcity when I was employed, so I kept in touch with my network and some recruiters, keeping my “ear to the ground” just in case…

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By: Ty @ Get Rich Quick'ishhttps://www.campfirefinance.com/financial-emergency-plan/#comment-960 Tue, 14 Mar 2017 21:52:00 +0000 http://www.getrichquickish.net/?p=2254#comment-960 In reply to MrsBITA.

I like the Marines & take that as a mighty fine compliment! thanks @mrsbita:disqus

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By: Ty @ Get Rich Quick'ishhttps://www.campfirefinance.com/financial-emergency-plan/#comment-959 Tue, 14 Mar 2017 21:51:00 +0000 http://www.getrichquickish.net/?p=2254#comment-959 In reply to Matt.

Glad to hear that you’re safe. Feel bad for your friends. Having that crap hanging over your head is a terrible thing.

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By: Matthttps://www.campfirefinance.com/financial-emergency-plan/#comment-958 Tue, 14 Mar 2017 21:10:00 +0000 http://www.getrichquickish.net/?p=2254#comment-958 In reply to Ty @ Get Rich Quick’ish.

I actually work for a state government, so I’m pretty shielded from the craziness that is going on. I’ve got friends working with the federal government (and friends working for the private sector on government contracts) that are pretty nervous right now, though.

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