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| Posted by | Message | Colonel Flagg 
LSU Fan
Member since Apr 2010
8539 posts
| Emergency Funds (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.
This post was edited on 1/2 at 12:49 pm
| | Back to top | Share on  | Will Cover 
Nebraska Fan
Colorado
Member since Mar 2007
22457 posts
| re: Emergency Funds (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?
| | Back to top | | rsande2
LSU Fan
Member since Jan 2006
3423 posts
| re: Emergency Funds (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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