Personal Finance
Your emergency funds – How much is enough? (Warning: Dark content)
By Sillyinvestor  •  December 16, 2013
There is a general guideline of 6 months – 12 months. I think that is arbitrary. First, 6 months of $2000 is rather different from 6 months of $10K We need to understand the nature of our job, how easy is it to lose our job, or is it a iron rice bowl. I consider my job an iron rice bowl job. (I traded high pay for security if you like) Next, how cover are you and your family when accident or illness strike? Is there any existing illness that are excluded in your H&S plans for you and your immediate family. My wife is diabetic, so there is plenty of problems getting H&S, so we need to have good shield plans as alternative. So, if you also have an iron rice bowl, and all your immediate family are covered, does it mean you can have a lower emergency fund ......
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By Sillyinvestor
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