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Money and Finances
Reply to "emergency savings vs. debt"
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[quote=Anonymous]It is hard to answer your questions without knowing your HHI and budget. It sounds like you have just enough to cover bills and then you have an extra 3k (sometimes?) per month that you put into savings or debt? But if you don't have that extra 3k a month does that mean you are only paying minimum on debt and not saving anything? And is retirement being taken out of paychecks? It's not clear. I do think you are over thinking cash flow VS emergency savings. You could try 5 months of emergency savings in a money market plus one month of cash flow in checking account. Do not touch the emergency fund unless it's a true emergency. [/quote]
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