How much money do you have in your emergency funds?
- Thread starter nomad
- Start date
It is a relatively small amount since I just began building my emergency fund. I am also saving, so it is difficult to do everything at once when you do not earn a high income. However, I make sure to put in a small amount every month.
There is nothing like emergency fund. I have enough in my savings account to take care of my cash transactions.
- Thread starter
- #8
That's correct, how much money you should have in your emergency funds depend on your expenses. If you have a family, yo need more money in your emergency funds compared to being single
I have just 80 dollars in my emergency fund. It was about $120 before two months ago but I had to deplete it for something important.
I have an emergency fund. The amount is about 12 months of my expenses. That is, if I am out of job for 12 months, I would still be okay.
I have around 5 months worth of expenses saved in my emergency fund. I feel like it's a good balance for me, providing a safety net without tying up too much of my savings.
