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Message
How much is in your emergency fund?
Posted on 7/4/20 at 5:33 pm
Posted on 7/4/20 at 5:33 pm
What is the dollar amount or months of living expenses you carry in a yield savings?
This post was edited on 7/4/20 at 5:34 pm
21
Posted on 7/4/20 at 5:36 pm to SpanishFortTiger
130K
I don’t touch it no matter what
many days lately I’ve wondered what it could have been doing in the market but it is my hedge. All of my equity is naked and unhedged
I don’t touch it no matter what
many days lately I’ve wondered what it could have been doing in the market but it is my hedge. All of my equity is naked and unhedged
Posted on 7/4/20 at 5:36 pm to SpanishFortTiger
My bad didn't realize this was that type of thread 
This post was edited on 7/4/20 at 7:40 pm
Posted on 7/4/20 at 5:53 pm to SpanishFortTiger
Solid 3 months of living expenses
Posted on 7/4/20 at 6:02 pm to SpanishFortTiger
I have about 3 years of living expenses in my savings. Maybe should invest it, but I'm planning to retire before 60 and live on it till SS kicks in.
Posted on 7/4/20 at 6:41 pm to SpanishFortTiger
$0
Don’t need an emergency fund
Don’t need an emergency fund
Posted on 7/4/20 at 6:48 pm to SpanishFortTiger
Was about 4ish months living expenses but upped it to 6 months living expenses due to Covid and a kid on the way. Wouldn't mind upping it to a year of living expenses over time.
We both worked all the way through covid, but it was definitely an eye opener that shite can go sideways quickly due to things you have no control over and if we both had to quit working for some reason, I'd be nervous as frick with only 4 months of runway.
Sure it's probably way more than I'll ever need to have just sitting in cash only earning 1-2%, but having that mental security is worth the missed gains for me.
We both worked all the way through covid, but it was definitely an eye opener that shite can go sideways quickly due to things you have no control over and if we both had to quit working for some reason, I'd be nervous as frick with only 4 months of runway.
Sure it's probably way more than I'll ever need to have just sitting in cash only earning 1-2%, but having that mental security is worth the missed gains for me.
This post was edited on 7/4/20 at 6:49 pm
Posted on 7/4/20 at 7:15 pm to JohnnyKilroy
10k, which I could make last 7 months or so of I needed to. It stays in a separate high yield savings account and i have a separate savings account for other savings.
Posted on 7/4/20 at 7:20 pm to SpanishFortTiger
12k so around 3 months and the rest is dumped in market and growing nicely used to have more in Efund but got tired of inflation eating it up so I dumped it in mutual funds
Posted on 7/4/20 at 7:20 pm to SpanishFortTiger
$150k for quick emergency
Posted on 7/4/20 at 7:22 pm to SpanishFortTiger
20k
I could make it 6 months on this if needed.
I could make it 6 months on this if needed.
Posted on 7/4/20 at 7:53 pm to SpanishFortTiger
I have about 18 months of expenses in cash. It’s not directly earmarked, but a good bit is in anticipation of buying another property. But if SHTF, it could serve as a large EF.
Posted on 7/4/20 at 9:53 pm to yellowfin
quote:
$0 Don’t need an emergency fund
This guy gets it.
Who needs an emergency fund when you have credit?
Posted on 7/4/20 at 10:05 pm to TigrrrDad
quote:
Who needs an emergency fund when you have credit?
you can always leverage all that Livewire stock
Posted on 7/4/20 at 10:07 pm to SpanishFortTiger
6 months
Posted on 7/4/20 at 10:44 pm to Uncle Stu
quote:
you can always leverage all that Livewire stock
Long and strong, baby.
Posted on 7/4/20 at 10:48 pm to TigrrrDad
quote:
This guy gets it.
Who needs an emergency fund when you have credit?
Because credit tends to tighten up in a systemic emergency.
Say shtf like in 08 and you lose your job. Have fun selling at the bottom to make your house note while none of the banks are lending.
Posted on 7/4/20 at 10:49 pm to cgrand
quote:
130K
I don’t touch it no matter what
many days lately I’ve wondered what it could have been doing in the market but it is my hedge. All of my equity is naked and unhedged
$17 million
I don’t touch it no matter what
many days lately I’ve wondered what it could have been doing in the market but it is my hedge. All of my equity is naked and unhedged
Posted on 7/5/20 at 12:35 am to SpanishFortTiger
3 months worth of my take home. With unemployment and that I can make it all stretch 6 months minimum without worrying much and maintaining expense levels of today.
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