Lucky for you, I am one of those people that worries unnecessarily about future uncertainty and hyperventilates when there is less than $10k in the bank account.
This is the big emergency fund example, and the reason so many personal finance gurus advocate for 3, 6, or even 12 months of expenses saved in an emergency fund.
Booking a flight last minute is notoriously expensive, and you don’t want to have to worry about whether you have enough money to be there for your loved ones in times of need.
Not to bore you with the details, but some of our expenses got classified as capital improvements, which you aren’t allowed to fully deduct in that year.
Owning a home is great, but when it comes time to replace the roof or call an emergency plumber in Dallas (our hometown), I often wish I was still a renter.