It’s the sense of real and perceived psychological comfort you get from having cash in an account earmarked for a specific purpose. It doesn’t feel like you’re hurting your financial position when it’s not coming from savings or a tight checking account.
Exactly. When the money is designated for a certain purpose it takes all the stress away. Today, for example, I was paying bills and didn’t even bat an eyelash at paying a $549 medical bill.
In full.
The money is in an account marked emergency/medical. I used some of that and every month, like always, I’ll add money to it.
It’s the sense of real and perceived psychological comfort you get from having cash in an account earmarked for a specific purpose. It doesn’t feel like you’re hurting your financial position when it’s not coming from savings or a tight checking account.
Exactly. When the money is designated for a certain purpose it takes all the stress away. Today, for example, I was paying bills and didn’t even bat an eyelash at paying a $549 medical bill.
In full.
The money is in an account marked emergency/medical. I used some of that and every month, like always, I’ll add money to it.
Best. Decision. Ever.
Thanks for your clarity.