Re: Emergency Fund - do you have one?
Today we have 1 months of expenses, but we are working on it.
We generally keep 6 months expenses, and that is what I feel comfortable with at the bare minimum. We just used up a lot of it and plan to replenish it to 3 months within a year.
For the long-term I Would like to save up a year of expenses. But it may be a while.
I like to feel like I am prepared for the worst... Needless to say I do not enjoy having only 1 month in the EF right now. But having saved up so much early on gave us a lot of freedom this last year when I took a lot of unexpected time off work. Nothing beats the security of a good e-fund, I can attest to that...
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