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Reply to "emergency savings vs. debt"
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[quote=Anonymous][quote=Anonymous]If you are saying your monthly spending is about 7k per month then 4-8k is no kind of emergency savings. I get that you think DH can always find a job but what if he gets hit by a bus? You need to put away 3-6 months of spending in an account you consider untouchable, IMO. You can get 5% in a money market right now so you wouldn't be gaining a significant advantage paying down debt. [/quote] Op here, I think your suggestion is ideal. He has great coverage for life and disability. I do for life, not for disability. The amount of time is takes to put together 3+ months would be 5 months or so? It’s a question of time vs. debt vs. emergency fund. The time lost makes the student debt grow, etc. and delays the end.[/quote]
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