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Tuesday, May 24, 2011

Emergency Fund: How much money to set aside

So opinions vary.  What we can say from the different experts is the emergency fund should last at least 3 months and as much as a year.  Whether you're at the low or high end depends on your ability to save that pile o money and how much will give you some peace of mind.

Having a budget will make it fairly easy to figure out how much money is 3 months or 6 months or whatever you choose.  If you don't, the most detailed worksheet I've found to help figure out your emergency fund is over at yahoo.

How much do I need for emergencies

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