We all know that the general guideline is 3-6 months cash as an emergency fund, but I'm curious for everybody what that is and how they actually calculate it. For instance, if my wife and I were to lose our job or otherwise, we'd actually be cutting back some of our immediate expenses (chlidcare, for instance), so our expenses would be different. My wife and I disagree about how much we should have as an emergency fund - she wants roughly 50% more in savings than I do (she wants traditional 6 months of income, and I want 6 months of expected expenses in that situation).
So for you, what do you actually have set aside as an emergency fund (or your goal for one) and how is it related to your income?
Submitted May 23, 2017 at 11:14AM by mingl http://ift.tt/2qcQsn5
