Emergency Fund
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Anonymous
| My husband and I have finally started prioritizing establishing an emergency fund. My husband makes about 1/2 of what I do but his job is very stable and mine is less so. In this situation do we save a year's worth of my salary, just expenses or are there other things we should take into consideration? |
Anonymous
| Expenses. |
Anonymous
| Just expenses. If you are not already maxing out Roths, consider doing that first as contributions can be withdrawn without penalty. Any savings after that I would direct 50/50 to I Bonds and high yield savings accounts. Suspend any college savings you might be making until your emergency fund is full according to your comfort level, and seriously consider reducing non-IRA retirement contributions to the match. |
Anonymous
|
Expenses.
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