So, am I to understand then that in addition to the$5-$10,000 in savings, I need to have another $5-$10,000 in an emergency fund? Seriously?
C
of TX
@
Jun 12, 2008 21:42:32 PM
Re: Um
No. #1 is about general baby-related expenses, like clothes, furniture, etc. #5 is about an emergency fund, i.e. a parent losing a job, getting sick, etc.
bdb
of DC
@
Jun 12, 2008 20:42:53 PM
Um...
Aren't questions 1 and 5 basically the same thing?
Deb
of MO
@
Jun 12, 2008 20:27:34 PM
At the risk of sounding like ye olde curmudgeon
Babies do not care if they have new or designer anything, as long as baby gear meets current safety standards.
Also, while it would be great to have a handy sum saved, child care and insurance will come out of future compensation, and don't need to be purchased up front. Couldn't the same effect be achieved by getting and staying out of credit card debt, keeping a car a few extra years instead of taking on a new note, etc.?
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
C of TX @ Jun 12, 2008 21:42:32 PM
bdb of DC @ Jun 12, 2008 20:42:53 PM
Deb of MO @ Jun 12, 2008 20:27:34 PM
justannesopinion of FL @ Jun 12, 2008 18:57:44 PM
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