God-speed in the upcoming spanking from the wife. 🤣 My wife pretty much has a standard script for these moments. It’s got to the point where it’s slightly amusing for her. Haha
Genuine question: how much fiat to you keep for family emergencies? Or do you just keep fiat savings in bitcoin on an exchange for when you need to liquidate it?
we run our budget a month ahead, meaning we live off of last months income. We use YNAB to manage that and stay in sync with the wife on day to day finances.
I am most comfortable keeping fiat we may need within 4 years in fiat... as I never want to be a forced Bitcoin seller. So in practice that means holding fiat for major car repairs, enough fiat to meet our out of pocket family deductible, and funds to be able to handle a significant house repair (ac unit).
That sounds similar to what we are doing as well. Keeping about one months worth of bills (+unexpected costs premium) in savings. Anything over that amount goes to bitcoin. It’s difficult to have a family on a single income and have no fiat savings. Unless you plan on liquidating corn, but I can’t be bothered with the tax implications that would bring at the moment.
