Evolving Personal Finance » Entries tagged with "emergency fund size"
What is the Purpose of an Emergency Fund?
In my last post on emergency funds, I looked at Dave Ramsey’s (and many others’) suggestion of an emergency fund size of three to six months of expenses and calculated what that would be for our current budget ($7,500 to $15,000). But at the end of the post I questioned whether a three to six month emergency fund is really appropriate for us. I am an overthinker, so I have trouble just accepting that we … Read entire article »
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