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Old 05-31-2006, 11:37 AM
rexdart
 
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Default Re: Is $1000 enough for an emergency fund?

well, the standard wisdom is 3 - 6 months of expenses easily available.

the range is there to accommodate those with less reliable earnings (salespeople on commission for example).

for most people, being able to cover everything for 3 months would do fine but you will find those with perfectly stable jobs who prefer to have an entire year's worth of expenses stashed away.

it's all about your comfort level.
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