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

Discussion in 'Business, Careers & Education' started by thekunk07, Sep 7, 2010.

  1. thekunk07

    thekunk07 Stylish Dinosaur

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


  2. ter1413

    ter1413 Stylish Dinosaur

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    250k
     


  3. sho'nuff

    sho'nuff grrrrrrrr!!

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  4. erdawe

    erdawe Distinguished Member

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    I prefer to think in percentages, not dollar amounts.
     


  5. Brosef

    Brosef Senior Member

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    I prefer to think in percentages, not dollar amounts.

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


  6. Ambulance Chaser

    Ambulance Chaser Distinguished Member

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


  7. BP348

    BP348 Senior Member

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    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?
     


  8. Suave

    Suave Senior Member

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    15-20 is healthy
     


  9. JohnGalt

    JohnGalt Distinguished Member

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


  10. jefe

    jefe Senior Member

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


  11. Suave

    Suave Senior Member

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    nice mr. O face guy av
     


  12. Usul

    Usul Senior Member

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    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.
     


  13. 1969

    1969 Distinguished Member

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    There are better places to earn a buck and still go liquid in 3-4 days.
     


  14. Piobaire

    Piobaire Not left of center?

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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.
     


  15. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

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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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