Re: Is $1000 enough for an emergency fund?
A little late to the party, but here's my two cents worth on it anyways....
It depends on what kind of emergencies you are preparing for.
It depends on what your monthly expenses are like, and how far out you would like to cover yourself.
It also depends on what other funds you have. For example, if you already have a car fund, you don't need to worry about dipping into your EF in case your car breaks down.
So on and so forth. That said, I don't think $1k is enough, but it is a very good start.
|