View Single Post
  #16 (permalink)  
Old 05-31-2006, 06:52 PM
BAGAGT1 BAGAGT1 is offline
$ Saving HS Junior
 
Join Date: Jun 2005
Location: Illinois
Posts: 208
Points: 2368.40
Donate
Default Re: Is $1000 enough for an emergency fund?

Quote:
Originally Posted by rexdart
...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.

That would be me. I've been with the same company for 7 years now, but my goal is to stash away one year of take home salary, before I feel completely secure that we can face a long bout of unemployment. Partially that is a result of my mortgage payment, which stands at nearly $1800 a month, so I know it would take more than $20K alone in any given year.
Reply With Quote