I hear this a lot, 3 months, 6 months etc. worth of expenses. I’ve saved $6000 for my emergency, which I don’t touch & is in a high earner savings acc. This would only last me approx 9 weeks, which isn’t a lot.
That’s food, fuel, rent in this high cost environment. I feel 10k should be a good target for myself, would be over 3 months if I was jobless. Idk, I back myself to find work within 3 months personally, even if it’s an average pay to get me through.
Thoughts? I also heard over 50% can’t find $5000 without borrowing, which is pretty shocking so it’s nice to know I’m not in that category. I would like to have more, just in case though. Im adding to this each pay-check.
That’s food, fuel, rent in this high cost environment. I feel 10k should be a good target for myself, would be over 3 months if I was jobless. Idk, I back myself to find work within 3 months personally, even if it’s an average pay to get me through.
Thoughts? I also heard over 50% can’t find $5000 without borrowing, which is pretty shocking so it’s nice to know I’m not in that category. I would like to have more, just in case though. Im adding to this each pay-check.