How much do you all keep in an emergency fund? Just wondering what’s too much vs. what’s too little for our unique ~ situation ~

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I managed to save 2.5 years for an emergency fund. Learned my lesson after the 2008-2010 recession.

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If you haven't already, I would put some of that money in a taxable brokerage account. Normally, I would keep emergency funds in cash, but since you've saved 2.5 years worth, you can always access the money after a year and still only pay long term capital gains on any growth. Especially with inflation being what it is, I'd definitely recommend making your money work for you!

6+ months always
12 months now.

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Who here is making enough to even have an emergency fund 😢

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I know a few ppl job stack in Q4/Q1 that’s specifically for their emergency fund. Especially since most roles have overtime.

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6 Months before I got laid off. However, I like to have 12 months in this economy. In earlier stable economies 3 months was fine. By month two of unemployment. I would be rapping up onboarding. Times have changed.

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This is what I’m thinking too. 12.

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It’s not necessarily an emergency fund but just my liquid savings. I haven’t been able to contribute to it in a while but I have enough for about a year of bare-minimum survival in NYC

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10 months minimum now. More though is better

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Is there a maximum amount? lol

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General rule is 3 - 6 months but personal finance is personal. What’s your ~ situation ~?

I was thinking of working up to 12, just because of how scary the economy is / this industry. But just wanna hear what others say.

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