I appreciate the 3 months emergency fund but this doesn't make sense for many baby boomers. This blanket statement is a bit limiting. For this divorcee@ 65 y.o. working full time trying to build my porfolio, it doesn't make sense to be putting money in a 2.9% emergency savings rather than investing in Roth or 403B with greater yield. I have one month emergency fund- If I lost job (bite my tongue) my Soc Sec and retirement would start earlier.
3-6-or 8 months is too generic a statement
Wendyof CO3:21PM February 05, 2013
At 89 and living on a fixed income of Social Security, I am where I will always be financially.This is an interesting article, but does not apply to me. Sorry about that. Wish I had some money to invest. Maybe, when I win the lottery I will contact the above author.
June Hartwellof NC2:06PM January 02, 2013
Some peolpe is not able to buy a bag of food neverless put aside for Emergency Fund .some have and some don"t but God <Bless US all because we belong to him .
annie harrisof SC8:23PM June 16, 2012
Everybody have something to say about ever concerning other people situation but until you walk in there shoes we should be prayerful as God ask us to for one another.Love A.L.H.
annie harrisof SC8:03PM June 16, 2012
Je n'ai pas beaucoup de temps se matin,mais je serais intéressé d'en apprendre davantage au sujet d'arriver à avoir un montant suffisant et de mieux dormir,Car de se temps si se n'est pas facile avec plusieurs choses qui se sont produit dans ma vie et que je ne vois pas le bout...
Merci de me revenir là dessu SVP
Sylvain choinière de Dunham près de Cowansville.
Sylvain choinière6:18AM June 15, 2012
Money for unpredictable expenses such as house repair, car repair, appliance repair and replacement, insurance deductibles and emergency travel should have their own budget accounts. They should not be included in the Emergency Fund. The Emergency Fund should be used exclusively to deal with an interruption in income.
Unpredictable expenses are not unexpected. If you own a house, car, or are alive, you will eventually have to pay for house repairs, car repairs, and medical deductibles. Plan for these unpredictable expenses in advance by budgeting a little each month for them. And budget for an Emergency Fund, as well.
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Wendy of CO 3:21PM February 05, 2013
June Hartwell of NC 2:06PM January 02, 2013
annie harris of SC 8:23PM June 16, 2012
annie harris of SC 8:03PM June 16, 2012
Sylvain choinière 6:18AM June 15, 2012
K.C. of TX 6:48PM May 31, 2012