«If most of his discretionary money is directed to one goal (travel) then what happens if / when there is an unexpected expense in the short
term like car repairs?
Not exact matches
Situations
like these can lead to even more debt, forcing charges on a credit card with an even higher interest rate then a short
term tax refund loan or missing more work while waiting for your refund to arrive so you can handle needed
car repairs.
Having lower than average credit doesn't stop the average American from needing cash from time to time, such as for emergency short -
term needs
like having a
car repaired, hospital bills, or other unforeseen needs.
Situations
like these can lead to even more debt, forcing charges on a credit card with an even higher interest rate then a short
term loan or missing more work while waiting for money to handle needed
car repairs.
We have other short -
term savings to cover things
like car repairs, home
repairs, etc..
In real - world
terms, it will work well in places
like police
cars, building construction sites, and automobile
repair shops.