SecondCor521
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7.77 months at the moment, although that is lower than it usually is since I am prepping for my daughter's special trip to Hawaii (which is a double-whammy, because it increases my monthly average spending amount, and it decreases the size of my emergency fund).
Thought process: I had read many suggestions, and decided that for my particular circumstances - single guy, three kids, mortgage, child support payment - I needed a certain amount of "sleep at night" factor. I also reviewed my history; since graduating high school I've been not working for at most approximately 4 months. So I set my goal at 6 months, and as noted above am almost always above that amount.
I keep it in a mix of cash and cash equivalents and I keep a portion in a taxable index fund.
2Cor521
Thought process: I had read many suggestions, and decided that for my particular circumstances - single guy, three kids, mortgage, child support payment - I needed a certain amount of "sleep at night" factor. I also reviewed my history; since graduating high school I've been not working for at most approximately 4 months. So I set my goal at 6 months, and as noted above am almost always above that amount.
I keep it in a mix of cash and cash equivalents and I keep a portion in a taxable index fund.
2Cor521