Quote:
Originally Posted by anonymous_saver
My personal goal is about 8 months of expenses for an emergency fund. This would include emergencies such as getting fired from a job, but also if (once I buy a house) if our stove quit working, and we need to buy a new stove. Or if one of my pets get sick and needs a surgery, etc.
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So far we have managed to save 1.5 equal to our monthly expenses. Our goal is 6 months EF or 28K by next year. Anything above 6 months would be extra to use for car or home repairs, plane tickets, etc. Otherwise it will remain 6 months. We also have separate account that funds our vacation and property tax yearly. So far we haven't had to touch any of these accounts for anything other than its intended purpose.