Last week, in “Amanda’s Money Coma,” I shared my recent financial debacle with thousands of women. To my delight, most of you cheered me for exposing such a personal and awkward situation.
Before I describe our scramble to resolve the issues, I need to address some questions that surfaced after last week’s post:
- We do have an emergency fund. Many of you were aghast that I, founder of a website about personal finance, do not have a savings account. We do. We just hate to tap into it. We think of it truly as money for an emergency. Our recent bad planning doesn’t really count as such.
- I am not perfect. I founded DailyWorth not because I’m a certified financial expert, but because I wanted to learn about the dynamics of wealth building. I do publish articles I know a lot about, like earning. Everything else is written by our team of experts — MP Dunleavey, Galia Gichon, Cristina Adams, Manisha Thakor, Kathy Ivens, Claire Poole, Mikelann Valterra, Mary Reed, Gerri Detweiler and many others writing for DailyWorth.
Now, back to those bills …
Somewhere around October 30th, I opened 4 bills to the tune of:
- $4,860 bill from my accountant
- $2,500 unpaid transfer tax notice on an apartment we sold two years ago
- $625 bill related to a surgery my husband had a year ago
- $3,000 for new windows to replace our leaky, crumbling, century-old windows