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Ask Paula: My Income Is Dropping From $190,000 to $40,000; What Should I Do?
Afford Anything
Optimize Your Budget
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In a budget, it is better to normalize your expenses as much as you can. People talk about not having an emergency fund because it's not optimal. The r o y of your emergency fund is not on the ray to return. It's on the fact that i can jack up,. I can jack up the deductable so that my cost goes down onmy insurances. So i get the return on staying aggressive in my investments. In a shaky market, i'm much more likely to stick with my strategy and not abandon it.
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