lucky all of us on here talk money. But that is not for normal everyday consumption. Anyway i was contemplating that many people are without jobs and many more will join them. Right now no one has a clue how the economy will hold up and those of us who think we have a job may not. Has this affected your thoughts about emergency funds? DH and I have been thinking a lot. We've always had one. But when we were younger we invested it all. We always thought we needed the returns on every dollar and if we needed it we could take it out of the stock market.
Things are different and we are getting older. We're 40 and we have a bigger nest egg. But at the same time we have a lot bigger bills than 10 years ago. I noticed my DH is quickly getting more fiscally conservative. He's actually mentioned that maybe we should have 1-2 years of cash just in case. Before he was very aggressively into investing our money. Now he it seems that he doens't want to pull money out of the market. He has been very happy with an overly large EF. Right now we sit at about 2 years of expenses in cash.
But I would love to be ready to dump a year into the market. But how is everyone else looking at their EF? Are you increasing it? Investing it? Putting more away?
I don't know what to do or think. This is not something you talk to neighbors about because most don't save. But here I think people are pretty logical and reasoning. What are you guys doing?
Things are different and we are getting older. We're 40 and we have a bigger nest egg. But at the same time we have a lot bigger bills than 10 years ago. I noticed my DH is quickly getting more fiscally conservative. He's actually mentioned that maybe we should have 1-2 years of cash just in case. Before he was very aggressively into investing our money. Now he it seems that he doens't want to pull money out of the market. He has been very happy with an overly large EF. Right now we sit at about 2 years of expenses in cash.
But I would love to be ready to dump a year into the market. But how is everyone else looking at their EF? Are you increasing it? Investing it? Putting more away?
I don't know what to do or think. This is not something you talk to neighbors about because most don't save. But here I think people are pretty logical and reasoning. What are you guys doing?
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