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Emergency Funds
Posted on 1/2/13 at 12:48 pm
Posted on 1/2/13 at 12:48 pm
What are some common rules to live by?
More specifically for young couples with only a house note.
More specifically for young couples with only a house note.
This post was edited on 1/2/13 at 12:49 pm
2
Posted on 1/2/13 at 12:59 pm to Colonel Flagg
3 months emergency fund at the bare minimum.
6 months is probably the standard.
9 months, perhaps in this economy?
6 months is probably the standard.
9 months, perhaps in this economy?
Posted on 1/2/13 at 3:04 pm to Colonel Flagg
quote:
Emergency Funds
Ours is 6 months worth of expenses but I thin if your just starting your first goal is usually 3 months.
quote:
What are some common rules to live by?
Biggest one I think is pay yourself first. Really there are a ton of these though. If your employer does a 401k match make sure you contribute enough to take full advantage of it. Try not to carry any cc debt. Pay extra on your home and auto loans. I guess you could sum it up by saying "live within your means."
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