[BearCub]

I didn’t say I was going to use a credit card. I already used my emergency funds on medical bills. There is no bus service, and it’s too far to walk on my broken ankle I just paid for. I need the job to make money to replenish my emergency fund and to take care of other expenses so I don’t become a burden on society.

You're right. Bad stuff happens even to those who are prepared. But far too many people are too shortsighted to prepare at all. A buddy of mine recently had to take out a payday loan to cope with a $150 doctor bill for his daughter. That loan cascaded into nearly $500 per month payments on a half-dozen payday loans.

So he got that all straightened out and what did he do? Did he build up a $1-2000 emergency fund? Nope. He bought a shiny new(ish) dealer-financed SUV.

He and many (most?) others have no plan whatsoever for dealing with financial emergencies.

[dfwgator]

He and many (most?) others have no plan whatsoever for dealing with financial emergencies.

And eventually we the taxpayers are going to be on the hook for these kind of people.

[Moonman62]

You're right. Bad stuff happens even to those who are prepared. But far too many people are too shortsighted to prepare at all. A buddy of mine recently had to take out a payday loan to cope with a $150 doctor bill for his daughter.

Just in case anybody wants to know, most doctors will cut the fee and accept $10 a month.