Quote:
Originally Posted by disneysteve
You can't go wrong that way. If you save 6 months of income, you will be sure of having at least 6 months of expenses and most likely more.
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That was my thought process as well. 6 months of income should allow me to survive for around 10 months give or take. I originally tried to figure out my budget and expenses, but it became too complicated. The entire scenario changed once I hypothesised that I was no longer employed. (No more 401K contribution, less gas and wear and tear on my vehicle, more in heating and electric bills since I would e home more, and the list went on and on.) That's why I decided on gross income as a guide.