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

thekunk07

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...at all times? opinions, thoughts, etc.?
 

ter1413

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250k
 

erdawe

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I prefer to think in percentages, not dollar amounts.
 

Brosef

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Originally Posted by erdawe
I prefer to think in percentages, not dollar amounts.

This. We don't all have the same income.
 

Ambulance Chaser

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I have read 3 - 6 months of living expenses, depending on how secure your job is.
 

BP348

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Originally Posted by Ambulance Chaser
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?
 

JohnGalt

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Perhaps the most respected financial guru in the world, Suze Orman, says to keep an 8 month emergency fund.
 

jefe

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Suze Orman is a marsupialed whore. With a bad tan. She is the financial equivalent of Fox News.
 

Usul

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Originally Posted by jefe
Suze Orman is a marsupialed 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.
 

Piobaire

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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.
 

gdl203

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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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