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Mar 24, 2019
8:43
:35
pm
chilango
All-American
6x basic monthly expenses was th guideline I used when I was a financial planner
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chilango
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chilango
Joined
Jul 23, 2009
Last login
Dec 27, 2020
Total posts
25,771 (33 FO)
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Messages
Author
Time
POLL: What is the ideal amount to have as a liquid emergency fund.
ray ray
3/24/19 6:44pm
Ideally? A billion dollars.
Cougar-Duck
3/24/19 6:50pm
If you had a billion dollars, you don’t think it would be ideal to
ray ray
3/24/19 6:54pm
Ideally I would have another billion dollars elsewhere
wildcoug
3/24/19 6:56pm
Or 2 billion
Cougar-Duck
3/24/19 6:57pm
Well, depending on your salary, you’d have your answer
ray ray
3/24/19 6:57pm
RE: Ideally? A billion dollars.
jkccoug
3/24/19 7:18pm
"ideally how much money is best to have"
dryflyelk
3/24/19 6:51pm
Not the question
ray ray
3/24/19 6:56pm
It depends on your salary.
scootsy
3/24/19 6:53pm
Actually more your expenses, which may or may not be consistent with your salary
chilango
3/24/19 6:57pm
The church suggests 3-6 months of expenses.
Cougar-Duck
3/24/19 6:57pm
This is the advice we’ve always tried to follow
buffgato
3/24/19 7:00pm
I say 3 months’ salary.
mobomanjoe
3/24/19 7:12pm
THTeae are crazy low numbers - I always heard 6x
Pobs
3/24/19 7:31pm
I assumed he was quoting fractions of annual salary.
chilango
3/24/19 8:46pm
ah ok. In that case, I get it. I was assuming monthly salary/ expenses.
Pobs
3/24/19 10:23pm
Yes, meant to be annual salary
ray ray
3/25/19 7:45am
6x basic monthly expenses was th guideline I used when I was a financial planner
chilango
3/24/19 8:43pm
I thought it was normally 3 months
Sumguy
3/24/19 9:39pm
Some people will range it 3-6 months, or 3-9 months, but most planners recommend
chilango
3/24/19 10:21pm
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