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Beyond 2 years salary in savings, one should also factor in the cost of medical insurance. One bad accident or illness will eat that savings account in a heartb
by sizzzzlerz 9y ago
Beyond 2 years salary in savings, one should also factor in the cost of medical insurance. One bad accident or illness will eat that savings account in a heartbeat.
- drcross 9y agoOnly in America
- Cofike 9y agoThe two year salary metric is very strange in my opinion. I've quit jobs and taken time off without anywhere near two years of savings.
- neogodless 9y agoThe article actually says > enough savings to last at least two years That's good, because you should lose the mindset that salary is equal to spending in a hurry! Savings that lasts two years accounts for all of your expenses over a two year period. Yes, if you need medical insurance, and it was supplied by your employer, it no longer will be, and you need to factor that into your expenses.