I'm 33 and I have a 12-month emergency fund of $48k that sits in a high-yield savings account which covers mortgage, insurance, food, and potential health-related emergencies. I'm a little paranoid that if I lose my current job, I won't be able to find another job and with good reason. I've been sending out a few resumes for the past 2 years seeing if I get any bites and to figure out my worth. I've received no bites or offers so far which is why I think my emergency fund should be 12 months long. It'll give me enough time to bring up my value if I'm ever let go.
My monthly expenses don't change from month to month. I have no credit card debt, no school loans, no car loans, just a mortgage to pay each month.
Am I overdoing it and saving too much?
Submitted August 03, 2019 at 05:23PM by speakwithcode https://ift.tt/2YlkLxb
