caitlinsmom Posted January 28, 2011 Share Posted January 28, 2011 to come up with $6000? Assume you have nothing in savings. Just curious. :) Quote Link to comment Share on other sites More sharing options...
AngelBee Posted January 28, 2011 Share Posted January 28, 2011 A LONG time! :) Quote Link to comment Share on other sites More sharing options...
snipsnsnailsx5 Posted January 28, 2011 Share Posted January 28, 2011 Hmm well if it was near tax return time, it would be very quick. :) But not using tax returns...it'd probably take about two years, and that's just saving enough after each month's salary after bills, food, and every other necessity and fun, non-necessities are paid for. However, more could be saved if we really buckled down and cut some non-necessties. (sorry for any sp mistakes...typing fast because I have homework to do!! lol) Quote Link to comment Share on other sites More sharing options...
myfunnybunch Posted January 28, 2011 Share Posted January 28, 2011 It would depend on how badly we needed it. We'd cut a lot more non-essential expenses for a health necessity than we might for a vacation fund. Cat Quote Link to comment Share on other sites More sharing options...
Heather in Neverland Posted January 28, 2011 Share Posted January 28, 2011 With the salary we make HERE? About 9 months as long as we didn't need to spend our savings on anything else!! Quote Link to comment Share on other sites More sharing options...
*lifeoftheparty* Posted January 28, 2011 Share Posted January 28, 2011 For fun?? About 6-8 months In dire straights and we need the money REAL bad so we can slum-it at the grocery store, not pay HOA dues, cable bill, etc. and be late on a car payment? 2 months. Why? Quote Link to comment Share on other sites More sharing options...
Melissa in Australia Posted January 28, 2011 Share Posted January 28, 2011 depends how urgent we needed it. if we needed it very quickly, we would only eat form the garden and save in 6 months. If it wasn't that urgent, 2 years. we have an emergency fund way larger that that though. Quote Link to comment Share on other sites More sharing options...
Peela Posted January 28, 2011 Share Posted January 28, 2011 It would really depend on how motivated I was. I could probably do it in a year if I had to (just by saving very strictly). I could do it in less if I really had to i.e. get a part time job or sell stuff. On my present saving rate, with no extra efforts, 2 or so years. Quote Link to comment Share on other sites More sharing options...
Rosie_0801 Posted January 28, 2011 Share Posted January 28, 2011 Now hubby has work, we think we should be able to save that amount, give or take a little, by this time next year. If you'd asked me last week, I would have said "a year or so after hubby finds work." But I've only got two kids and they're too small to cost much yet. Rosie Quote Link to comment Share on other sites More sharing options...
KidsHappen Posted January 28, 2011 Share Posted January 28, 2011 Well, if we absolutely had to and we assumed no bonus like the last two years then probably @ a rate of $250 a month, 2 years. Everything else is going to living expenses, debt reduction, the two still at home and the two in college. Quote Link to comment Share on other sites More sharing options...
.... Posted January 28, 2011 Share Posted January 28, 2011 How do you know I'm trying to save $6,000? :D I started in January and my goal is to have this money by April. We're having a house built and that's what I need for July at closing. You can do it! Do you have anything around the house you could put on ebay/craigslist to get going on your savings? I set a financial goal for each month and I set up the automatic transfer each week from our checking into our savings. Good luck with your goal (if that IS your goal)! Quote Link to comment Share on other sites More sharing options...
nono Posted January 28, 2011 Share Posted January 28, 2011 Overnight, if I need it. I have multiple people I could go to for a loan. Quote Link to comment Share on other sites More sharing options...
knit247 Posted January 28, 2011 Share Posted January 28, 2011 We could do it in 3 mos. BUT that is only because we have no house payment right now. And because we live overseas and my husband works for the gov't our off-base housing is covered. That being said, we have enjoyed (too much) the freedom we have had the past few months (since we've had no house pmt.) and haven't saved a dime. Starting this month, we are working hard to save all that we can before moving back to the US (in 2012, probably). It's very easy to nickel and dime every dollar away... Before getting rid of the house back in the US, I would think it could have taken 9-12 mos to save that kind of cash. Quote Link to comment Share on other sites More sharing options...
.... Posted January 28, 2011 Share Posted January 28, 2011 It's very easy to nickel and dime every dollar away... Oh, yes, yes, it is. :D:D:D We were Nickel-Dime Professionals at one time. Quote Link to comment Share on other sites More sharing options...
Carrie12345 Posted January 28, 2011 Share Posted January 28, 2011 We're hoping to have that for house siding by June, so 5-6 months. If it were to save someone's life, we could cut back and have it in 2 months. If I just wanted a fun vacation, probably 3 years. Quote Link to comment Share on other sites More sharing options...
LidiyaDawn Posted January 28, 2011 Share Posted January 28, 2011 Overnight, if I need it. Yeah are we talking emergency NEEDNOW or just more of a want-to-have? For the former - a day or so, prolly. For the latter - depends. How fast do we want to save, how much are we saving per month, etc. Quote Link to comment Share on other sites More sharing options...
caitlinsmom Posted January 28, 2011 Author Share Posted January 28, 2011 Yeah are we talking emergency NEEDNOW or just more of a want-to-have? Okay lets assume emergency. Then how long would it take you all? It would take us just as long to fund an emergency as it would a vacation. We have dealt with this situation as of late. LOL we called my mom and she gave a sob story blah blah blah. Then she left this morning for an impromptu week long vacation in California (funded on Tuesday and not from taxes).....but don't worry she is totally broke. The situation just made me wonder if most people are like us and life doesn't care if it is an emergency or Tahiti. :) Quote Link to comment Share on other sites More sharing options...
herbalgirl Posted January 28, 2011 Share Posted January 28, 2011 A couple of months if it was just us saving up, but if needed we could ask certain relatives a get it overnight in an emergency. Quote Link to comment Share on other sites More sharing options...
chicagoshannon Posted January 28, 2011 Share Posted January 28, 2011 IF it was an emergency then we would probably stop all investments and giving so maybe 2-3 months. Quote Link to comment Share on other sites More sharing options...
Tree House Academy Posted January 28, 2011 Share Posted January 28, 2011 (edited) Are you counting credit? I mean, if my car needed repaired and we didn't have 6K, I would use my credit card (which has an credit line of over 30K). We have excellent credit. Generally we put 8-15K on our credit cards each year and pay them off monthly. If we truly had to come up with it from scratch - I would say we could do it in less than a year with just "extras" (as in left over money each month) or about 3 paychecks (so 1.5 mos) with cutting back and really "trying." Edited January 28, 2011 by Tree House Academy Quote Link to comment Share on other sites More sharing options...
unsinkable Posted January 28, 2011 Share Posted January 28, 2011 to come up with $6000? Assume you have nothing in savings. Just curious. :) As quickly as I could sell our car? Do I need to bail someone out of jail? :lol: I'd sell the car for bail for DH and my brother in a heartbeat. Hopefully, I'll never need to do it. Quote Link to comment Share on other sites More sharing options...
SailorMom Posted January 28, 2011 Share Posted January 28, 2011 On a credit card - immediately Without - 2 months From tax return - pretty much would cover it Quote Link to comment Share on other sites More sharing options...
Renee in NC Posted January 28, 2011 Share Posted January 28, 2011 Okay lets assume emergency. Then how long would it take you all? It would take us just as long to fund an emergency as it would a vacation. We have dealt with this situation as of late. LOL we called my mom and she gave a sob story blah blah blah. Then she left this morning for an impromptu week long vacation in California (funded on Tuesday and not from taxes).....but don't worry she is totally broke. The situation just made me wonder if most people are like us and life doesn't care if it is an emergency or Tahiti. :) Saving? At this point, never.:D Tax refund? Hopefully next Friday. True emergency (life and death?) However long it would take CarMax to cut me a check for my van or dh's truck. Both are worth (trade-in) about that much. We could sell both and have the $6000 plus an older minivan. We won't all FIT in a minivan, but we'd get by. My next door neighbors have gotten by without a car at all for a year. Reality? We generally make do and/or generous relatives have helped us out. We have never needed that much and I can't see a situation where we would (life or death, not preference.) Quote Link to comment Share on other sites More sharing options...
BlsdMama Posted January 28, 2011 Share Posted January 28, 2011 Paying the bills and cutting corners? About five months. Someone's going to die if we don't find the money so eat beans and skip bills? A month and a half. And this is an example of a really good question. Because frankly, it should show me how fast I can pay off DH's car. Quote Link to comment Share on other sites More sharing options...
Parrothead Posted January 28, 2011 Share Posted January 28, 2011 (edited) I could have it in 6 weeks if I quit paying bills. If someone were in danger of dying - 48 hours. I'd call the family together and hit them each up for $1000. Edited January 28, 2011 by Parrothead Quote Link to comment Share on other sites More sharing options...
Mejane Posted January 28, 2011 Share Posted January 28, 2011 A couple of months if it was just us saving up, but if needed we could ask certain relatives a get it overnight in an emergency. This. Quote Link to comment Share on other sites More sharing options...
katemary63 Posted January 28, 2011 Share Posted January 28, 2011 We always have something we could sell if we had to. There is a whole crop of calves right now that would cover more then half of it. Throw in a couple of mamas and there we go. We've got a barn full of hay we could sell. Taxes coming soon. So, I could have it close to immediately or on the outside, a month. Quote Link to comment Share on other sites More sharing options...
Paintedlady Posted January 28, 2011 Share Posted January 28, 2011 If we were in dire need, probably 3-4 months. If it were for something that would be an extra (big vacation, nice new furniture, etc...) it would probably take 9 months to a year. Quote Link to comment Share on other sites More sharing options...
Ravin Posted January 28, 2011 Share Posted January 28, 2011 We couldn't. Well, unless maybe I robbed the safe at work, but then we'd have even bigger problems than whatever required the 6K.:tongue_smilie: Quote Link to comment Share on other sites More sharing options...
DarcyB Posted January 28, 2011 Share Posted January 28, 2011 If it were a dire emergency - a phone call away. If it were to save up for something important? It'd take about 9 months, at least. Quote Link to comment Share on other sites More sharing options...
Truscifi Posted January 28, 2011 Share Posted January 28, 2011 Life or death - a day, two max. I could ask for help from family. Emergency, but not immediate life or death emergency - 2-3 months, but I would have to go back to work. Important, but not an emergency - about a year, but we would have to drop karate, cell phones, internet, etc. Just for fun - 2-3 years, but we would have to go back to paying the minimum on our other debts. Quote Link to comment Share on other sites More sharing options...
lionfamily1999 Posted January 28, 2011 Share Posted January 28, 2011 It would depend on the deadline and what it was for. We could borrow if we had to, but would rather not. Otherwise....... it would take over a year. Quote Link to comment Share on other sites More sharing options...
Wheres Toto Posted January 28, 2011 Share Posted January 28, 2011 If we could use credit - immediately If we could sell something - a few days, either car would cover it and we own both outright. If we would use regular pay but skip bills - 3 weeks If we still wanted to pay bills but skimp otherwise - 6 months Quote Link to comment Share on other sites More sharing options...
DianeW88 Posted January 28, 2011 Share Posted January 28, 2011 Hmmm, well if we could use our savings...immediately. If you're talking about saving it up from nothing...a couple of months. Quote Link to comment Share on other sites More sharing options...
Dobela Posted January 28, 2011 Share Posted January 28, 2011 I would likely take us several years if we were doing it. Dh brings home about $2500 a month, and we barely make it on that each month. Rarely is anything left over to go to savings. If it was an emergency, I could call several family members and ask for help. We are putting $1000 of our tax return into savings this year to have that. Quote Link to comment Share on other sites More sharing options...
DawnM Posted January 28, 2011 Share Posted January 28, 2011 Def. depends how badly I wanted it and how urgent it was. I could slash groceries if needed, stop buying anything, cut cable, stop contributing to savings if necessary, etc....and get it in just a few months. But living just with our normal budget, it would take several months. Oh, and if you allow instant use from savings, immediately. Dawn Quote Link to comment Share on other sites More sharing options...
Sparkle Posted January 28, 2011 Share Posted January 28, 2011 Emergency - we could borrow from a relative and get it pretty instantly Crucial - a couple of months if we cashed in our mutual funds and held off on paying a one or two bills To save up - close to a year if we cut back on spending and only covered the essentials Quote Link to comment Share on other sites More sharing options...
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