That's the 6-9 range. But IMO everyone should have at least 6 month's worth,

Oct 21, 2019
10:13:03pm

chilango All-American

regardless of job type, strength of the economy, or anything else. The emergency fund isn't there only in case of job loss, although that is the most common reason to use the money.

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chilango

Bio page: chilango
Joined: Jul 23, 2009
Last login: Dec 27, 2020
Total posts: 25,771 (33 FO)

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Messages

Author

Time

What % of income do you put in to your regular bank savings account? This

Zak

10/21/19 9:39pm

0%. Always investing or paying down debt.

mulletino

10/21/19 9:41pm

When I Had Kids at Home 0%

Chicago Cougar

10/21/19 9:43pm

50k emergency fund.. everything else in retirement or taxable accounts.

cougfanz

10/21/19 9:49pm

A good goal is to have 3-6 months' living expenses in a liquid account. Then if an emergency happens, you can draw on

Smack'sWife

10/21/19 9:49pm

3 months is better than 0, but I always recommended 6-9 months when I did this

chilango

10/21/19 10:03pm

Depends on job type/market imo.. or how long it would take to find a new job

cougfanz

10/21/19 10:06pm

That's the 6-9 range. But IMO everyone should have at least 6 month's worth,

chilango

10/21/19 10:13pm

Have 1 year salary in savings for emergencies

PickleButton

10/21/19 9:55pm

That's the most I've ever heard. And too much, unless you've already got plenty

Cougarrr

10/21/19 10:27pm

Holy cow! I mean, that's a nice goal, but that's a lot of capital to keep on the

ebv

10/21/19 10:33pm

House paid for, maxing 401K also

PickleButton

10/22/19 6:07am

Cash is king, especially at the high water mark.

ebv

10/22/19 3:49pm

20% into retirement. 10% liquid. But liquid never sits long.

Future_Tacos

10/21/19 10:14pm

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