In the fourth quarter of 2024, increased economic pressures continued to affect households in the United States. With inflation at 2.9% by December, 65%
I have enough saved up that I could probably go a couple months without pay before I ran out of money. Honestly, I’m not even that well off: Most months I spend my paycheque ±5%, if I go over I take it from a buffer account where I have about 60% of a paycheque and try to backfill it over the next couple months.
In my situation, I’m regularly low-key stressed that my buffer account is running low, and that I haven’t been able to backfill it for several months in a row. I can’t even begin to imagine how stressful it must be not even have something to fall back on if you suddenly get an extra expense that eats 10 % of your paycheque one month.
I’m still waiting for the day my “buffer account” is large enough that I don’t need to stress about finances. Now, it would last me about 2.5 years and that’s apparently still not enough.
I have enough saved up that I could probably go a couple months without pay before I ran out of money. Honestly, I’m not even that well off: Most months I spend my paycheque ±5%, if I go over I take it from a buffer account where I have about 60% of a paycheque and try to backfill it over the next couple months.
In my situation, I’m regularly low-key stressed that my buffer account is running low, and that I haven’t been able to backfill it for several months in a row. I can’t even begin to imagine how stressful it must be not even have something to fall back on if you suddenly get an extra expense that eats 10 % of your paycheque one month.
I’m still waiting for the day my “buffer account” is large enough that I don’t need to stress about finances. Now, it would last me about 2.5 years and that’s apparently still not enough.