Shutdown news (as I see it)- The first weekend went by uneventful. The House, Senate, and the Obama Administration are dead locked in negotiating; Only if they get everything they want. President Obama says he would consider some concessions on Obama Care. So, lets see what happens this week.
Personally things went as normal as can be this weekend. Today , Day 7, I took kids to school, went to the gym, and continued working on my book, here is and excerpt:
most people ignore these simple strategies. However, it is said that you should have saved at least three to six months of your monthly expenses as an emergency fund. The majority of people do not have at least $1,000 in liquid savings. The Brookings Institute, in a recent paper called, “Financially Fragile Households: Evidence and Implications” indicates an alarming inability among U.S. families to deal with ordinary financial emergencies, such as a major car repair. The Brookings Institute found that nearly half of those surveyed answered that they could “probably or certainly not” figure out a way to find $2,000 in case of a financial emergency. Only one-fourth with middle to lower income said they definitely could find a way to make the payment. Surprisingly, nearly one quarter of those with $100k-$150k household income reported they wouldn’t be able to find $2,000. According to the Brookings Institute, those who believed they could come up with the money to cover a financial emergency would use a combination of relying on family and friends, using alternative credit, increasing their work hours, working part-time, using savings, and selling personal belongings.
NOTE: My layoff may end by midnight and I should back to work in the morning. If happens there will be on final post on this subject.
thank you,
Felix A. Montelara
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