I know how it feels like to stay in a shitty job with a boss who considers your boundaries mere suggestions and doesn't offer you job security; A long term (former) boyfriend who couldn't even be bothered about your situation and was only mindful of his own fun (and funds), and most times you had to foot the dinner bills. Repayment of student loan and vehicles on a monthly basis, household bills, and much more.
With bleak situations like these, you want to take a break (emotionally and financially) from everyone and tell them to fuck off. And at those times, you ought to activate your Fuck-Off Fund. Or, as what Paulette Perhach terms it - "financial self-defense"; In other words, financial foundation.
When life hits you hard, you have to defend yourself emotionally and financially.The purpose, quoted Perhach:
"whether the system protects you or fails you, you will be able to take care of yourself,"
In summary, Fuck-Off Fund is thus the money you need to take care of yourself when you're in a fucked up situation or when you need a break from work, family or life.
The importance of having it is never overrated or exaggerated. In fact, every financial expert would advise everyone to have a saving account with three to six months worth of expenses in case things go terribly wrong. It is fucking empowering to have such an amount in our savings account as it allows us to control our own destiny when we're winding down from many aspects of our lives. Perhaps, the importance of having it is to gain freedom from anyone else and not get financially restricted when you don't have a source of income.
So, I built my Fuck-Off Fund by saving half of everything I earn. I consider myself lucky enough to be able to save half when I was more financially flushed. I was able to pick myself back up with what I had saved for years.
The fund helped me to be courageous enough to decline my past employer's offer - I was able to get away from a toxic office environment. Despite so, a Fuck-Off Fund doesn't guarantee that you can march out triumphantly from a toxic situation. What it really does is leave doors unlocked should you choose to open and storm out of the situation when you're ready. More importantly, I can afford to wait for a job that really suited me, rather than grasping on what was available.
That financial foundation has saved my life over and over again. And, I guarantee you that iIt will most definitely protect you from real consequences that can, unfortunately, come from asserting your boundaries.
Well, money doesn't buy happiness but it does provide stability and options, right?
But, there are frustrating times when:
A budget is a budget. Sometimes you want a goddamn latte. That has nothing to do with understanding the value of a dollar or recognizing your own self-worth.
We just have to know when to get that goddamn cup of latte.