http://www.automaticfinances.com/how-big-emergency-fund/ Money management for the 21st century Tue, 07 Feb 2012 06:31:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.automaticfinances.com/how-big-emergency-fund/comment-page-1/#comment-2300 George Sun, 19 Jul 2009 18:50:06 +0000 http://www.automaticfinances.com/?p=718#comment-2300 We're a two-income family with two preschoolers. Our emergency fund is about 6 months' worth of basic expenses, but if we really had to cut things to the bone we could stretch it out to 9 months. Those estimates, though, assume that we lose both incomes at the same time, which is pretty unlikely. It's very reassuring to have the money available if something goes sideways. We're a two-income family with two preschoolers. Our emergency fund is about 6 months' worth of basic expenses, but if we really had to cut things to the bone we could stretch it out to 9 months. Those estimates, though, assume that we lose both incomes at the same time, which is pretty unlikely. It's very reassuring to have the money available if something goes sideways.

]]> http://www.automaticfinances.com/how-big-emergency-fund/comment-page-1/#comment-2251 wrc1000 Fri, 17 Jul 2009 13:23:18 +0000 http://www.automaticfinances.com/?p=718#comment-2251 As a two-earner, no kids couple, our e-fund would last 4-5 months to maintain our current "non-emergency" lifestyle if we BOTH lost our jobs. We are currently living on 50% of our total income. So, if we both lost our jobs, our lifestyle would change and then we would also have enough from retirement savings that if we needed to payoff the mortgage, we could also. Having options is re-assuring - which, years ago, we did not. Spend less, save more . . . As a two-earner, no kids couple, our e-fund would last 4-5 months to maintain our current "non-emergency" lifestyle if we BOTH lost our jobs. We are currently living on 50% of our total income. So, if we both lost our jobs, our lifestyle would change and then we would also have enough from retirement savings that if we needed to payoff the mortgage, we could also. Having options is re-assuring – which, years ago, we did not. Spend less, save more . . .

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