Crazy Horse
Well-known Member
The post below and the replies about being laid off and out of work gets a guy to thinking about how much readily available cash (or equivalent to cash) should a person have in the bank (or wherever you might have it)? I remember back when I was working before retirement, there were always some "recommendations" like to have 3 months or 6 months of your basic expenses readily accessible. And of course, the old "emergency fund" for things that you can't do without like big car/truck repairs, appliance purchases, etc. Internet searches show more reading on the subject than a person could get through (see one below) but it would be interesting to see what YT guys think on the topic. We're not asking for the amount you have stashed away but maybe what you think a person/family should have for time (say, in months) to get them through such situations. I would think that 6 months of basic living expenses would be a minimum, preferably more.
Money in the bank ???
Money in the bank ???