I want to find out how much is normal, and how much is alot/too little.
2007-01-01 08:04:40 · 3 answers · asked by John 2 in Business & Finance ➔ Personal Finance
Financial planners say that the rule of thumb is: 6 months of income/living expenses for single people and 3 months of income for married people with two incomes.
You should have these amounts in a savings account or preferably a money market account.
2007-01-01 08:12:43 · answer #1 · answered by Gen X Millionaire 2 · 0⤊ 0⤋
I try to keep at least $1000 in savings in case of emergency, and am comfortable with about the same in checking. I am nowhere near what I actually want to have, which is 3-6 mo. expenses in savings (which would, for three months, be about $4000)
2007-01-01 10:59:37 · answer #2 · answered by hdgrrl72 3 · 0⤊ 0⤋
You should always have savings for emergencies. Put something away every check even if it's 5 dollars. I have about 2 months salary set aside just in case anything.
2007-01-01 08:54:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋