Quote:
Originally Posted by kilapapipa
Sorry for the Hi-Jack but what if you are on a contract such as a teacher, Sept.-Aug? I might find out in May that I do not get my contract back but I will get paid through Aug. We have LTD as well. Plenty of time to get another position.
Point is, our EF need only be a couple grand if that since we are both teachers. Right now, it is 5K but I may not need that much. Any advice on this?
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1. You could have difficulty finding a job.
2. Job loss is not the only emergency that exists in life. You could have some medical problem that costs you thousands. You could have an accident or a car stolen or otherwise destroyed and have to replace it unexpectedly. Or a major repair on your home. There could be a family emergency requiring you to take an extended leave from your job without pay. All kinds of things can happen in life. Keep that EF fully funded.