That 1500 XC is all of your savings.
Im in my mid 30's. I used to make a lot of money - but with an injury and a drastic employment change a few years ago, i ate away my savings - All of it. Jobs were with temp agencies. So i would work for 3 to 4 months then be without a jobs for 3 to 6 months. I now have a steady job (just about 2 years at it).
I've been putting every extra dollar I had after each paycheck into buying XC. I do have a 401k, but i've only been putting a small amount into it every paycheck for the last 11 months (that's when i became eligible).
I can't touch the 401k without huge penalties. Remember, not everyone is always financially stable. When I made a lot more money in my mid to 20's to early 30's, i used to never give to charities and looked down at those people - asking them why are you begging. I never understood them. Now that I've live their lives, i try to give people that are even less fortunate than me something.
Just to be clear, I'm not asking for a hand out. I want people to stay clear of this individual and not be scammed like me. I was greedy, thought I could make a few extra dollars to get some toys for my kids but I was burned. I'm basically at zero and will start buying XC again when i get paid this friday.
What country do you live?
401k is company sponsored savings plan linked to mutual funds and/or the stock market. My company takes a few dollars out of my paycheck (pre tax) and invests it into a mutual fund of my choice from their list. I live in the USA.
I just don't get how you can have that without a job, because you just said you lost your job right?
No no, im working. Ive been in and out of jobs since my accident. Been hard finding work but i'm Ok now and i'm furthering my education. Going for a bachelors in animation and design. Money is tight, but I make it work. I skimp on things like cable tv and a basic cell phone plan but I make it work