How many months of emergency fund should you set aside?

[kopiOkid]

They loose jods then they should plan wat

They should plan long before jobs are lost.

 

[snowblaze]

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

I am in negative. I own the banks and people money

 

[linbeier]

10 years nia

 

[Thoreldan]

12mths expenses for me

 

[Can Or Not]

I am in negative. I own the banks and people money

命好也怕运来磨

 

[dpsk3000]

120 months to be on the safe side. should also be in 2 different currency.

 

[Dinoboyboy]

I am in negative. I own the banks and people money

Chiu steel got health and wife bro..something many will never have…

 

[hachi]

But see these money in low yield deposit…
tempted to invest in stocks?

Got 1/3 in stocks as well..

 

[Can Or Not]

Got 1/3 in stocks as well..

Might as well set aside 3 months

 

[purplewave]

min 1 year

 

[jack-320]

Last time I was told 2 years of monthly expenses

then the rest of the money are for investment, huge expenses and others

 

[popdod]

This kind of economic climate.
at least 1 year of expenses.

 

[diequick]

monthly spending or monthly salary should be used to calculate ?

Usually expenses, but salary is safer. Why? Suppose u tio pok, u want to be able to continue funding your expenses w/o any changes. The extra, maybe buy a bike for Grab or whatever lor.

As for mths, depends on ur age, industry(how difficult to find equivalent paying job), if ur dependents can take a hit on their lifestyle? u never know if ur next job is paying lesser?

 

[crimsontactics]

Okliysttinc

Haix mybfd Bro Can Or Not...

 

[kyokoto]

About 12 months for me including fixed deposits. Balance into investment.

 

[yyysss]

monthly spending or monthly salary should be used to calculate ?

0.

Just have few credit card around.

 

[LingTan98]

I have around 60 months worth of monthly income in my accounts to reap maximum interest from UOB One and Stash. Not counting Tbills, FD and other investments as they are not as liquid.

 

[buttbERry]

thought min should be about 6 months