When people are financially insecure, they are less likely to rock the boat. Paycheck to paycheck living automatically induces a sense of complacency because instability could be disastrous for them. That is why I believe that an essential component to any liberation struggle is good financial management. Whether you choose to do that through pooling resources with friends and family or dropping out of the system all together, the ability to walk away from oppressive situations regardless of the financial benefits they try to bribe you with is key. I think that’s why many people refer to their savings as their “Fuck You Fund”. When you have resources, you can look at a situation that is doing you dirty and just say “fuck you” and walk away from it and know that you will be alright.
From all the personal finance books and articles I read, they recommend having at least 3 to 6 months of living expenses in your savings account as a cushion in case you run into any emergencies like a job loss or major repair bills, etc. As someone who is a part of more than one marginalized community, I know that emergencies can take longer than that to recover from so I personally am shooting for 6 months to a year in my savings. But as a starting goal, 3 months is attainable and doable in a year. So here is my method for doing that.
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