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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