You need a minimum three months of living expenses in an emergency fund. How much more you contribute is a personal decision, but the three-month minimum is required if you want to be financially prepared.
Some call it a "Rainy Day" fund, but no one should be calling it a "Vacation" or "Christmas" or "Clothes" fund. It's not for expenses for which you have planned.
Emergencies are just that, emergencies.
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Some call it a "Rainy Day" fund, but no one should be calling it a "Vacation" or "Christmas" or "Clothes" fund. It's not for expenses for which you have planned.
Emergencies are just that, emergencies.
More Debt Management
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