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reasonable amount of money to keep in the bank...

post #1 of 46
Thread Starter 
...at all times? opinions, thoughts, etc.?
post #2 of 46
250k
post #3 of 46
100 bux
post #4 of 46
I prefer to think in percentages, not dollar amounts.
post #5 of 46
Quote:
Originally Posted by erdawe View Post
I prefer to think in percentages, not dollar amounts.

This. We don't all have the same income.
post #6 of 46
I have read 3 - 6 months of living expenses, depending on how secure your job is.
post #7 of 46
Quote:
Originally Posted by Ambulance Chaser View Post
I have read 3 - 6 months of living expenses, depending on how secure your job is.

I've heard the same and can only one day hope I can have 6 months income in the bank. For most that has to be what? Like $15 - $20K?
post #8 of 46
15-20 is healthy
post #9 of 46
Perhaps the most respected financial guru in the world, Suze Orman, says to keep an 8 month emergency fund.
post #10 of 46
Suze Orman is a retarded whore. With a bad tan. She is the financial equivalent of Fox News.
post #11 of 46
nice mr. O face guy av
post #12 of 46
Quote:
Originally Posted by jefe View Post
Suze Orman is a retarded whore. With a bad tan. She is the financial equivalent of Fox News.

Agree, like most lay financial experts she mixes broad generalization with oversimplification, However: would bang, along with a younger Martha Stewart.
post #13 of 46
There are better places to earn a buck and still go liquid in 3-4 days.
post #14 of 46
Strictly my opinion and keep in mind my PoV was shaped by a very poor childhood:

One year of living expenses. Divide by 12 and use laddered CDs.

People will give you a million reasons why this is wrong and that doesn't bother me. I sleep very soundly though.
post #15 of 46
30-50% of your current pre-tax household income, depending on your aversion to risk and how easy it is to find decently paying work in your field
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Styleforum › Forums › Culture › Business, Careers & Education › reasonable amount of money to keep in the bank...