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View Poll Results: What's your comfort level? How low can your account go before you are broke?
Less than $50. 8 32.00%
Less than $250. 7 28.00%
Less than $1000. 5 20.00%
Less than $2500. 0 0%
Less than $5000. 1 4.00%
Less than $10,000. 3 12.00%
Less than $20,000. 0 0%
Less than $50,000. 0 0%
Less than $100,000. 0 0%
Less than $250,000. 1 4.00%
Voters: 25. You may not vote on this poll

 
 
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Old 02-06-2009, 07:22 PM   #20
ZenGum
Doctor Wtf
 
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
As the rich Tomcat said ... If I ain't broke, don't fix me.

Actual numbers are hard to give because so many things vary. I have no dependants and no mortgage, so I don't need so much.

To be not broke I require:
* some kind of dependable income that equals or exceeds my minimum needs.
* at least one pay-period worth of money in the bank at the end of each pay period as "padding" or insurance against cashflow interruptions.
* some kind of savings against sudden needs - fixing the car, etc.

Being unable to save for retirement etc does not count as broke.
Being forced to dip into savings and investments for unexpected bills is a danger sign but it does not count as broke. Dipping for living expenses is an alarm bell but does not count as broke.

Right now I am doing better than ever before in my life, but the further I get from broke, the greater aversion I seem to have towards it.
When I was young, a few hundred left over in the account the day before payday seemed like plenty. Nowadays I want a few thousand. And I always have a stash of long-life food in a cupboard somewhere.
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