are_we_there_yet?
Confused about dryer sheets
- Joined
- Aug 13, 2007
- Messages
- 9
Most of us have x month's worth of expenses saved up in case we lose our job. We have about 6 month's worth of expenses saved up. I feel comfortable with that number.
Lately, I've been rethinking that amount. What would happen if another (or multiple) negative financial event occur at the same time - car dies, roof caves-in, health crisis, etc. You know, the proverbial Murphy's Law. Isn't that the true meaning of an emergency? We should call our stash "Murphy's Emergency Money."
I'm thinking of doubling our effort and save about 12 month's worth of expenses. I don't want to be lulled into a false sense of security.
I'd really like to hear what you guys people think. If anyone have any experiences regarding the use of emergency money, I'd like to hear your story. Thanks.
Lately, I've been rethinking that amount. What would happen if another (or multiple) negative financial event occur at the same time - car dies, roof caves-in, health crisis, etc. You know, the proverbial Murphy's Law. Isn't that the true meaning of an emergency? We should call our stash "Murphy's Emergency Money."
I'm thinking of doubling our effort and save about 12 month's worth of expenses. I don't want to be lulled into a false sense of security.
I'd really like to hear what you guys people think. If anyone have any experiences regarding the use of emergency money, I'd like to hear your story. Thanks.