Homer and Tricia (fictitious names) were doing well. Or so it seemed. Homer had a good paying government job and Tricia was self employed. They had a mortgage on a nice house and were making payments on a nearly new car. They carried credit card debt, but “so does everyone”, they reasoned. Then the unexpected happened: Homer had a heart attack. His prognosis was full recovery, but he would need to miss several months of work. The good news was that he had good health insurance. The not so good news was that he had accumulated very few sick days and even fewer vacation days. And zero emergency fund. [click to continue…]
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