Quote:
Originally Posted by abaya
I'm reading several different things here... keep 3 months' salary in savings, 3-6 months, 6-12 months... is this assuming a single person's savings account, or does it change if there are two incomes in a marriage relationship?
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People use different rules. You should assume the savings amount is for one person's income. I would say have at the very least three months' worth of income in a savings account if you want to use this security strategy. [EDIT: You basically want to cover yourself for a reasonable period of time for the unlikely event of your losing your job or getting sick or injured. How much time will you need to get back on your feet?]
I would myself, but my debt load is more of a risk than not having that amount in my savings account.
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Last edited by Baraka_Guru; 08-01-2008 at 08:42 AM..
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