How many months of emergency fund should you set aside?

[Can Or Not]

monthly spending or monthly salary should be used to calculate ?

 

[Dinoboyboy]

Ideally we should have 6 months of expenses saved in our bank, but actually i dont even have 6 days saved..

 

[buyacat]

12 months so you have more options.

6 months if lose job need to start looking immediately.

 

[hachi]

monthly spending or monthly salary should be used to calculate ?

Monthly spending... Usually jobless you don't spend that much... Base on expenses... Got few years... Inside ssb and tbill

 

[highsulphur]

6 months of expenses

 

[crimsontactics]

monthly spending or monthly salary should be used to calculate ?

2 years of expenses Bro Can Or Not...

Moi keep $48k in high yield savings account...

 

[Balian]

18 months.

 

[tExtra]

Zilch…

 

[Can Or Not]

Monthly spending... Usually jobless you don't spend that much... Base on expenses... Got few years... Inside ssb and tbill

But this fund should be in very liquid form…
but liquid form means it will lose its value drastically due to inflation.

 

[archie7]

i set aside 1 year annual salary amt
cannot touch. can only put into short term bonds or FD

 

[Can Or Not]

2 years of expenses Bro Can Or Not...

Moi keep $48k in high yield savings account...

High yield is simi sai

 

[Travis_Touchdown]

100 yrs of celery...

 

[Can Or Not]

i set aside 1 year annual salary amt
cannot touch. can only put into short term bonds or FD

Inflation will devalue it

 

[crimsontactics]

High yield is simi sai

Like those GXS or Maribank Bro Can Or Not...

 

[Can Or Not]

100 yrs of celery...

Celery ? Carrot can or not

 

[Can Or Not]

Like those GXS or Maribank Bro Can Or Not...

Sounds risky

 

[crimsontactics]

Sounds risky

Nonono Bro Can Or Not...

Got SDIC protection...

 

[clipper]

6 months if you are young in 20s and starting your career.
12 months if you are in 30s.
24 months if you are in 40s or 50s with dependents (children and parents).

 

[hachi]

But this fund should be in very liquid form…
but liquid form means it will lose its value drastically due to inflation.

Ya tbill and ssb... Not liquid enough... Redeem ssb quite fast... The moment you jobless, next day you go into financial hardship? Cannot be right? You still got one month of salary and package if you are lucky...

 

[jiakliaobee charsiew]

2 years of expenses Bro Can Or Not...

Moi keep $48k in high yield savings account...

What is that?

leegolar perks?