how much (how many months) should be in your emergency acct if you have stable income?

[Anonymous]

I have 6 months of bare bone expenses saved. My job is pretty stable. I just bought a townhouse and really wanted to use part of my emergency fund for the down payment, but I got really nervous about depleting all my accounts.

[Anonymous]

Anonymous wrote:When you move in, the dishwasher WILL break. Trust me.

4-6, and be ready to spend most of it in the first two months.

Mine just broke - however a new dishwasher is not going to break the bank. Now if the furnace goes.....

[Anonymous]

Anonymous wrote:When you move in, the dishwasher WILL break. Trust me.

Lol. So true. We did our walk through. Settled the next morning. Went and moved stuff in and ate lunch and dinner in our new house. Ran the dishwasher. Returned the next evening and the dishwasher had let go, water all over the floor.

[Anonymous]

Tale of Woe here -

We bought last summer. Inspector said basically all our systems are 25+ years old but working. Could last 3 months more, could last another 5 years.

So far: Roof, furnace, washer and dryer, dishwasher, disposal and now possibly the A/C all had to be replaced.

We've literally gone through our emergency fund just for this effing house. Now must rebuild another and hope there's nothing left to go wrong. (Pretty sure the fridge is next.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:When you move in, the dishwasher WILL break. Trust me.

4-6, and be ready to spend most of it in the first two months.

Mine just broke - however a new dishwasher is not going to break the bank. Now if the furnace goes.....

See above post...

[Anonymous]

6 months of bare minimum expenses

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None. I don't need an "emergency account", because I have got my shit locked down.

Um, what the hell does that even mean?

1. I make sure I am not going to get fired: if anything, I fire people.
2. I am not going to get sick: I am as strong as an ox, and only eat fruit, vegetables and, on special occasions, nuts.
3. No hurricane is going to destroy my house: it is overbuilt from steel and concrete, not plywood and tyvek.
4. My wife is a thoroughbred, and she has birthed strong children who won't sicken either.

So no, I have no "emergency" account, because I will have no emergencies. In short, I have my shit locked down. I encourage you to lock your shit down too.

Hilarious!!

[Anonymous]

Well it depends, we have bought a new house so that we wouldn't have to worry about things breaking for another 5-10 years.

[Anonymous]

Anonymous wrote:Well it depends, we have bought a new house so that we wouldn't have to worry about things breaking for another 5-10 years.

Fires, trees falling, floods, etc. happen in new homes, too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None. I don't need an "emergency account", because I have got my shit locked down.

Um, what the hell does that even mean?

1. I make sure I am not going to get fired: if anything, I fire people.
2. I am not going to get sick: I am as strong as an ox, and only eat fruit, vegetables and, on special occasions, nuts.
3. No hurricane is going to destroy my house: it is overbuilt from steel and concrete, not plywood and tyvek.
4. My wife is a thoroughbred, and she has birthed strong children who won't sicken either.

So no, I have no "emergency" account, because I will have no emergencies. In short, I have my shit locked down. I encourage you to lock your shit down too.

Lmao. I'm dying here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None. I don't need an "emergency account", because I have got my shit locked down.

Um, what the hell does that even mean?

1. I make sure I am not going to get fired: if anything, I fire people.
2. I am not going to get sick: I am as strong as an ox, and only eat fruit, vegetables and, on special occasions, nuts.
3. No hurricane is going to destroy my house: it is overbuilt from steel and concrete, not plywood and tyvek.
4. My wife is a thoroughbred, and she has birthed strong children who won't sicken either.

So no, I have no "emergency" account, because I will have no emergencies. In short, I have my shit locked down. I encourage you to lock your shit down too.

+1. This.

[Anonymous]

"on special occasions, nuts"

LOL!

[Anonymous]

6 months of expenses saved up (I would double your number if you get a house);

20% down payment on your house PLUS closing costs.

You also need some $ to get an assessment done (of the home, roof etc.)