Is a 12 Month Emergency Fund Too Much?!

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Information Is a 12 Month Emergency Fund Too Much?!

Title	:	Is a 12 Month Emergency Fund Too Much?!
Lasting	:	6.18
Date of publication	:
Views	:	20 rb

I would put half of that in a year CD
Comment from : Miss Gui

I keep 5 years emergency fund parked in liquid fund, short term debts I have very high confidence on investing market due to this for long term
Comment from : mojojojo

12 month emergency fund is not too much
Comment from : Sandra Smith

Are we assuming that this is take home pay? This was what always confused me I've currently got 6 months take home pay in my savings account, and just received a raise Obviously, I should increase my fund?
Comment from : Mychael Houck

The financial stability of your home may need that readily accessible cash one day Most Americans don’t even have an emergency fund!
Comment from : Brando

Way way too much
Comment from : Gnome

People that actually have 12 month emergency funds are rarely the ones that need them 🤔
Comment from : CBEDH3

You’re right It took me a whole year to get a full time in a professional position I was broke to start with
Comment from : Gruncle John

How about a person with a pension, specifically a military pension, and a wide who is a federal employee for the past 10 years who will also have a pension Is the EF strictly to cover your expenses? With my retirement and her current Federal job, we will never have less than a $175K annual income My pension covers 100 of our monthly expenses, Ie, mortgage, 2 cars, son's private school, utilities, phone, etc And, still some left over brbrDo I really need an emergency fund? Her job is 99 secure, basically 100 but I don't ever say 100 Our mortgage is fixed at 225 for 30 years My property tax is reduced 90 because I'm a disabled veteran I also work, 6 figure income and it's fairly stable until August 2024 brbrI don't currently have one, haven't had one since I retired
Comment from : Rob U_73

They need a YouTube moderator Lots of spam commentsbrI'll charge 5k a month for that service
Comment from : Saul Goodman

No, it's not too muchbrThe pandemic showed that 3-6 months is not enough Not when the government shut down business But only small businesses, they let multi million dollar businesses stay open
Comment from : Saul Goodman

I would probably say you also need 6 to 12 months of liquidity to run the business with no income Especially if you have employees that depend on you
Comment from : domdrty

Good advice! I started a small business twenty years ago with best-case, anticipated results, and worst-case cash flow scenarios calculated After 12 months I was very glad that I had an additional 12 months cash in reserve to lick my wounds and regroup
Comment from : Michael Alberts