How Much Should REALLY Be In Our Emergency Fund?

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Title	:	How Much Should REALLY Be In Our Emergency Fund?
Lasting	:	7.26
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Comment from : The Ramsey Show Highlights

So losing your job is not an emergency?
Comment from : Aadnan Elkacimi

This was the exact question I had too!!! Awesome!!
Comment from : Asha Blue

So to actually answer the question that they did not answer, how much money should you have in your emergency fundsbrbrYou should have 1 years worth brbrExample if you lost your job today, you would be able to pay all of your bills for an entire year and live comfortably without sweating the little thingsbrbrWhatever that amount is for you, you’ll have to get out pen & paper and add up all of your bills and your total cost of living for 1 year brbrSo for me personally I came up with about $20,000 Obviously everyone’s expenses differ
Comment from : NapTown Piper

The more you save for the monthly expenses, the better off you'll be when youre in the emergency phase 🙌🤘
Comment from : Dab Marino

So glad I got a 10k emergency fund, the ac went down and its gonna take 2k to fixbrPraise the lord 😅
Comment from : Baskoro Janssens

Can always answer the question for the 10,000th time :-)
Comment from : sorvoja

Put & take out & take no get a transition fund sinking fund love that
Comment from : TheRealNikRich

I needed to hear this
Comment from : Mike

My father in law has always said that he is "saving for the future" He is in his eighties now and very reluctant to spend any of the substantial money that he has acquired because it is "for the future"
Comment from : KZ Alaska

I love the part about the worth ethic! I always give my 100 no matter what
Comment from : Mr Piceno

Between $20K-$100K will be enough for emergency funds as long as not spending those on any kind of entertainment or vacationing in other countries
Comment from : Apolo Estrada

Sounds like Dave is saving to build a hospital one day Fair play 🤝
Comment from : Conor Kinsella

Bass boat might be an emergency if a flood comes lol
Comment from : Rich Creager

It was so much better when it was just Dave
Comment from : John B

@ Dave n Ramsey Show TeamGreat analysis and great tips!🎉
Comment from : TubeyV

I'm single and make 50k a year My emergency fund has 25k Simplify your finances
Comment from : Brian Samaniego-Howard

Give 1000 to a job at a place that would replace them in a week?!? Don’t think so 😂
Comment from : CallMeFrog 76

Put and take account is a savings account brbrI like that
Comment from : Freedom Works

Good question, but there's no answer to it because it's subjective
Comment from : Philip Marc

My emergency fund is for job loss and needs etc Like appliances breaking and auto repairs Is that the right way?
Comment from : dan j

Great content, what should your emergency fund be if you make $100k/yr?
Comment from : Sherman Miller

I'll never understand how you can earn 160k and be in financial trouble
Comment from : justin Ballard

Does it factor in obtaining unemployment benefits?
Comment from : Nick Zema

One income and pay the bills gasoline and groceries account… One savings for new car account one savings for vacation account… One savings for safety account One savings for future child account And one easy/medium index account for your maybe early pension in future Do it like this and you will be fine
Comment from : JDN Rotterdam

I was behind Dave Ramsey 100, right up to the point where he said a bass boat is not an emergency How dare he!!!! Lol
Comment from : No Name

If you hear Dave say "bass boat", it's a good clip 😂😂
Comment from : youcanquoteme2

I have an 85 month emergency fund
Comment from : Alberto Pazos

These people calling in with $160000 incomes !!! 😳
Comment from : Sandra Marten

I sold my laptop and phone for a total of 850! I'm getting somewhere!
Comment from : Chaz Ath

I am so depressed to see how much americans make their wages are high and the USD way too strong
Comment from : N00byD00

He didn't answer her question
Comment from : Angel patrice

Emergencies always occur in threes…or more It’s never the hot water heater broke, the timing belt went, or the refrigerator quit…it’s typically all three within two weeks
Comment from : Ultrahighgain

Dave, every one of your cohosts are annoying Cant you go back to just doing the show on your own?
Comment from : Jon1320abq Albuquerque

Should the Emergency Fund be replenished at all times?
Comment from : Brooke Lynn

I love this stuff Be aware Have a plan Have a purpose It's not about wealth but about being able to decide Thanks Dave!!!
Comment from : Shogunned

How much should you keep in your checking account? Aside from having an emergency fund?
Comment from : KZ stay true

I think 🤔 I need a 1 year emergency 🚨 fund 🏦
Comment from : The Roo Lyfe International Show

Good video Didn’t answer the question however
Comment from : Logan D

I understood the concept of a "transitional fund" and how an emergency fund could be mistaken because of the uncertainty of the "transition" But maybe I missed it because I don't think the question was answered How much should be in your emergency fund? Does it depend? I heard Dave say to a caller on a different video that his emergency fund of $11 - $12 grand was meager (I think the guy made $180 a year and he was facing over $60 grand in debt) What does an emergency fund of 3 - 6 months look like?
Comment from : Lazarusrizing

Ok, so how much?
Comment from : Twin Fig Trees

I'm 16 with 65k net worth and I'm saving up for investment property
Comment from : Young Finance

I love this man! God bless him and his family
Comment from : Osama Alswaisi

How about a depression fund, as in great depression?
Comment from : JAI HD

The savings account being a put and take account is MY LIFE RIGHT NOW
Comment from : Jessica L McDaniel

Inflation rate is double digits and only getting worse Ditch the emergency fund
Comment from : Nick Nightingale

As much as possible
Comment from : Jim Rr

Dr D is the bomb
Comment from : Brad Schmittling

I spend wayyy too many years with savings accounts doing nothing, such a shame, but this was what our parents told us to do: don't invest, it's risky I wished I had built my portfolio 20 years ago
Comment from : Crappy Products

Don't think I don't see that M1 MacBook Air over there 😜 yep I have one And yep!! Am debt free and bought it CASHIOLA BABY!!
Comment from : Mike Pawlik Guitar

We just gonna act like they are not describing the “Ally Buckets” 😂
Comment from : M S

Houston Texas stand up
Comment from : Jamison Smith

I recommend a 7-day emergency fund 😉
Comment from : Daniel Johnson

I'm single no kids active duty and have very little monthly expenses On top of my head all I have for fixed bills are:brbr$40 cell phonebr$30 car insurancebr$13 YT Premiumbr$5 PeacockbrbrHow much should my EF be in that scenario?
Comment from : David Gerstein

Hair & nails lol How about reality
Comment from : paul gordon

I kinda get the emergency fund but if your job is essential like this past year and if you’re good at your job, why do you need a lot in the emergency fund? I work essential job and I know I’ll get a paid every two weeks, I know I’m good at my job so I know I won’t get fired at all I know something medical can happen! So emergency funds can be zero!
Comment from : Jeffrey Ramsdell

Dave is so right! Having a mission for your finances essential I don't think I'll ever have it correct but I like to choose one main task to save for and Chase that until it's done!
Comment from : Zorasaphire 1701

A bass boat purchase is only an emergency once you find out your mother-in-law is coming to visit
Comment from : K Elmer

"You are not someone who mails it in" The caller literally said that her performance is an issue there because she doesn't like the job So, yeah, she's someone who does mail it in People will tell you and show you who they are believe them when they do
Comment from : Jason Moquin

my exes are trainwrecks, all my friends moved away I got a big nest egg tho!
Comment from : Trevor Lawrence

as much as possible in emergency fund
Comment from : Trevor Lawrence

Emergency Bass Boat purchase: When you live in a flood zone and you hear heavy storms are headed your way Just pointing out
Comment from : Rusty Bell

Had my brother come visit us a few months ago I let him drive my 2014 F150 for the week He couldn’t get over how “smooth and quiet” it runs and how it’s in great shape I told him simply, no deferred maintenance
Comment from : Justin T

How much should you save if after working for 28 years your pension pays you 85 of what you were making until you die and your wife will continue to get it until she dies? 120,000ish?
Comment from : Jace Ski

We know dave shouldnt pay for haircuts
Comment from : Jace Ski

I have a two year working capital fund, sounds excessive but my job is always in jeopardy I have been let go because of corporate downsizing or merger at least five times Since I am an older worker it seems I am the first to go I have a high in demand skill set and have been able to make due with contract work during layoffs Knowing you have two years, plus contract work allows you to look for the "right next job" and not take the first thing that comes along Also, now that I am on medicare, we don't have to worry about health care insurance One day I will just do contract work, but I do like having a six-figure job with a stable paycheck Most firms will let me work out of the home so they often don't notice how old I am
Comment from : Invisable HVMan

AMC about to squeeze to the moon 🚀🚀
Comment from : Mr Nice Guy Stock Talk

I think if it's about to flood, a boat purchase could be an emergency purchase
Comment from : Henry Anona

I love what he said about always giving 1,000 percent
Comment from : Ash Edwards

Dave, you just taught me a distinction I did not have yet I have listened to you off and on for years, and never quite made that distinction in my head, about the difference between special spending and emergencies I am going to make a change right now on how I categorize and spend my money That helps a LOT I am not naturally good with money and I have to mentally work on it all the time
Comment from : Lantanana

I LOVE THE RAMSEY SHOW!!! :D
Comment from : Pizza

This woman is kitchen sinking No focus
Comment from : Ystebad VonSchlegel

Sounds good more accounts 😐 with reasons 👍 for it
Comment from : Sars101

I'm making myself get up for work every day That's a new concept
Comment from : Wayne Chernick

I love ur advices always
Comment from : Shopping With Rina

This is actually an interesting topicbrI am now restarting from zero and my salary has halved but I am going to make efforts even if it's 20$ a month in Better than nothing 💪
Comment from : Lonerista

Exactly give 100 to any job you do!!! Just get ready to leave but Work as unto Yahweh & not man!!!
Comment from : Monica D Henderson

An overarching theme is "Being Mindful With Your Savings"
Comment from : Yosef Wolf

As Christians, do you guys do interest or not?
Comment from :

Dave What if there is a zombie apocalypse?! The bass boat will be essential! 😂
Comment from : Darius D

I love how she mentioned her nails👍🏼❤️🤗 priorities!!
Comment from : Amanda

the emergency fund for people on disability is going to be universal basic income coming up soon
Comment from : derek Rank

My savings account is don’t touch account
Comment from : N A

Great Question!!!! and Greater answer!!! Thanks!
Comment from : pcardi412

Our emergency fund is enough to live on for one year within our usual budget I also started an upkeep fund & a future car fund
Comment from : Virginia Hoffman

😎👌✌👍🖖😁
Comment from : john mirbach

Is That Sean Hannity sitting next to Dave😀
Comment from : User234uytrw

Second part was the best, need to get into the mindset that every dollar you have needs to have it's own purpose
Comment from : Dandy Finance

Saving Account should be called a Spendings Account
Comment from : Tomias Thexder

Great call!
Comment from : Ken Addoh

It’s easy to say what John says but really, it’s not like that if you’re in the position
Comment from : millsathn

I think of it as a 3 accounts Checking, slush, emergency The slush should be way bigger than the emergency It can be moved into the checking The idea is the emergency fund is TRULY an emergency And to Dave’s point as you make more and more money it’s hard to envision true emergencies you couldn’t cash flow or “borrow” from your slush fund
Comment from : Mike Luka