2007-06-04 11:22:11 · 7 answers · asked by Emily Dew 7 in Business & Finance ➔ Personal Finance
Yup- I have about 3 months' worth of expenses saved up at the moment. Hopefully I won't have an emergency, and I will be able to use the money for a down payment on a home after it's grown some more!
2007-06-04 12:28:03 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I have to disagree with the first answer. If your emergency fund 'doubles' as anything, you don't have an emergency fund. My emergency fund is quite small at the moment, but I do have one.
2007-06-04 20:36:38 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Yes I do. I m a business major and I learned that one should have at least 3 paychecks saved up for emergencies.
2007-06-04 18:26:17 · answer #3 · answered by kathy 2 · 3⤊ 0⤋
Yes, but I'm 40 & just started it. You s'posedly need enough to get you through 3 months as a rough idea. I have 2 ( :. I started paying $200 more in rent to myself!
2007-06-04 18:30:04 · answer #4 · answered by Freakgirl 7 · 3⤊ 0⤋
If I missed two paychecks in a row I would get thrown into debtors prison.
2007-06-04 18:31:58 · answer #5 · answered by David B 2 · 0⤊ 1⤋
Our savings account doubles as this, but we've never needed to dip into it for this. Still nice to know its there if something came up.
2007-06-04 18:25:39 · answer #6 · answered by Slumlord 7 · 1⤊ 1⤋
yes, I didn't always, but I increased my savings, using direct deposit from work, and have 6 months salary put away....
2007-06-04 18:28:53 · answer #7 · answered by mago 5 · 3⤊ 0⤋