Most of us who consider ourselves financially secure are probably wrong. That's what Bloomberg points out.
There's a perfect storm which throws many of us out of our safety zone into scary territory. That could even trigger a bankruptcy.
That perfect storm consists of medical bills, taxes and car repairs.
Since moving to Eastern Ohio in September 2016, I encountered all three.
There was the co-pay and medications needed for an eye operation. Then it was the tax due to the IRS. This month I also had two trips to Firestone for my car.
I was shook up. But I could weather the financial hits. That's because I have opted to rent versus buy a house. Leasing makes it possible for me to maintain a substantial reserve in my checking account.
No, I don't like renting. Weekly I scan the ads about houses for sale. But, in my lifetime I have had a series of houses. They are sinkholes for our savings. Those expenses range from boosted taxes to a leaking roof.
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