How much money do you have in your emergency funds?

[nomad]

Some people say you need 4 months of expenses on your emergency funds, where as some people tell you need at least 12 months of expenses. How much money do you have in your emergency funds?

 

[freelancermaria]

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.

 

[Suba]

Each person will have a different emergency fund, depending on their marital status. If you are married and have 1 child, generally it is 12-15 times your monthly expenses, so I only have 6 times my monthly expenses.

 

[Ratine]

Frankly speaking l don't have any emergency fund with me. I had planned that but l am yet to implement.

 

[bestwriter]

There is nothing like emergency fund. I have enough in my savings account to take care of my cash transactions.

 

[Stardom22]

Frankly speaking for me l don't have anything in the emergency fund accounts . for sure.

 

[Starmix]

I have savings only,no emergency fund, I have medical care and insurance for heath and medication.

 

[nomad]

Each person will have a different emergency fund, depending on their marital status. If you are married and have 1 child, generally it is 12-15 times your monthly expenses, so I only have 6 times my monthly expenses.

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