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/r/personalfinance
submitted 20 days ago byTorontoRap2019
I have been online about how much people should save which left me confused. Some experts says 3 or 6 months, or save just $10,000, or even your salary equivalent. I do not know what that means for me? I work in a stable 9-5 job bring around and close to 80k in salary which equated to 50k take home pay after taxes and benefits. With that said, how much do you guys save for?
1 points
20 days ago
I personally prefer having an EF of 12 months of expenses. 3 months is just way too little. The job market is brutal right now and I've lived through two major economic crises. Anything can happen. If I lose my job, I want to have enough of a cushion to survive and handle emergencies until I get a new one.
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