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re: Emergency fund opinions

Posted on 2/11/13 at 9:42 pm to
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 2/11/13 at 9:42 pm to
6 months, at least.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26585 posts
Posted on 2/11/13 at 9:44 pm to
This question really needs to depend on who we are talking about.

A 24 year old single guy who has been working for two years does not need to have 60k in the bank. I have 10k in a money market and don't really see the need to go beyond that.

If you are 35, with 2 kids and a wife who doesn't work, then yes, you probably want to have tens of thousands of dollars liquid.
This post was edited on 2/11/13 at 9:46 pm
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/12/13 at 7:16 am to
quote:

6 months, at least.


This and thank God I had it.
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 2/12/13 at 8:58 am to
quote:

6 months, at least.


How liquid does this have to be?

6 month's worth lying around in a savings or money market account earning .5% would drive me crazy.
This post was edited on 2/12/13 at 9:00 am
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