2 ms·
$1500 emergency fund is LIGHT. It should at least be 3 months bare minimum living expenses. $1500 wont even cover a lot of people's rent/mortgage bill for one m
by stevenmays 9y ago
$1500 emergency fund is LIGHT. It should at least be 3 months bare minimum living expenses. $1500 wont even cover a lot of people's rent/mortgage bill for one month.
- peruvian 9y agoDid you read his next point? Emergency fund is for when your car breaks and you have to take money out of savings to fix it.
- thatwebdude 9y agoWhen an emergency fund and X-months living expenses are compounded I really don't see the use of an emergency fund. Assuming someone has good enough credit to be able to borrow for short-term fixes in times of need.