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That really is quite low. I guess they don't get the constant PSAs that you should always maintain 6 months worth of salary in savings to handle emergencies?
by jandrese 6y ago
That really is quite low. I guess they don't get the constant PSAs that you should always maintain 6 months worth of salary in savings to handle emergencies?
- jopsen 6y agoYou could also sign-up for unemployment insurance if you live in Denmark. At around 2500 USD / month for up to 2 years, it's a pretty decent deal for average Joe. I think I pay around 800 USD / year for unemployment insurance. In practice, I'll probably never need it though.. so I have considered dropping it.
- sofixa 6y agoThat's significantly less required in most EU countries due to the social safety net, affordable healthcare, public transit, etc. There are fewer types of financial emergencies to cover ( like your house's roof collapsing) and even if you lose your job you get unemployment for up to years while you find a new one. The advice i've heard for France is to have roughly 3 months, preferably in a liquid savings account which even has some interest (0.25% atm, so not much).