David Bakke is a personal finance blogger who writes about budgeting, shopping, and saving for retirement on Money Crashers.
The amount of money you should have in your emergency fund varies according to your unique needs. Many experts claim that three months worth of living expenses is sufficient, while others claim you should have six months of expenses covered in your emergency fund.
I have even seen calculators online that provide an emergency fund estimate by combining minimum monthly expenses, the length of time it might take to find a new job, and the amount you could cut back on your spending if you did lose your job. […]