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Reply to "How do you pay for a "big ticket" item?"
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[quote=Anonymous]Michelle Singletary, the Post's financial advisor, recommends having two liquid accounts, an emergency fund and a "life happens" fund. The life happens fud is for things like cars, home repairs, major appliances, medical bills, etc. If you have $175k in emergency, then yes it probably is mostly psychological. Maybe talk to DH about major expenses coming in the next year or two and what portion of that $175 should be allocated for those things? Then contribute to both regularly.[/quote]
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