Having an emergency fund is one of the first steps to setting yourself up for financial success. When you find yourself with a legitimate emergency — unemployment, unexpected medical bills or family issues — knowing that you can pay can be one of the most assuring feelings, especially in a time of turmmoil.
Generally, personal finance pundits suggest having a 3 to 6 month emergency fund, though Dave Ramsey preaches starting with only $1000 until you get out of debt. Others suggest having a month of expenses per national unemployment point.
While the size of your emegency fund is generally based on your level of confidence, we want to know exactly how big you keep it.
So, how big is your emergency fund?
Answer the poll below and then let us know why in a comment.
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