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[quote=Anonymous]To keep? We are a 2 income household and we both work in totally opposite fields; so the chances of both of us being unemployed at the same time are slim. We net ~6k/month combined. I think/want to limit our cash on hand to ~20k (~3months income/expenses) and I think that would be sufficient. But the new thing is 6 months so about ~40k which I think is a bit excessive. I think ~20k should be enough because if one of us did lose our jobs I would hope: - unemployment would substitute some - we contribute about ~25% of our income to retirement now, so can cut back. - postpone/put in forbearance student loans . And basically the 20k is both net income for 3 months so really replacing 1 net income for 6 months. Also we are in the process of being down some medical debt (baby born in January - high deductible plan) and student loans, so the quicker we can stop having to add to the savings the quicker we can pay down the debt. Your take?[/quote]
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