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To: Kip Russell
The author says that people would "cope by dipping into savings"???

That's the whole reason you have savings in the first place. Why is this a "coping" mechanism? It's the raison d' etre for saving money in the first place. It's stupid to say people can't raise $2,000 unless they cope by dipping into savings.

If you're able to save money, be sure to save for different needs: long-term (kids' college, retirement), intermediate-term (house down payment, car down payment), and short-term (roof leaks, crowns on your teeth, back-to-school expenses, layoffs from work).

15 posted on 07/28/2013 9:18:17 AM PDT by ProtectOurFreedom
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To: ProtectOurFreedom

That’s exactly what savings are for.......emergencies. Otherwise why have them?
But saying that I know a whole lotta people who would have trouble coming up with an extra couple of hundreds.


58 posted on 07/29/2013 8:40:25 AM PDT by sheana
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