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Reply to "Tell me about your emergency fund"
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[quote=Anonymous]We have about $65k spread between several different accounts that can be easily accessed. We don't specifically designate some as emergency vs other medium term savings, but in my head about $40k is emergency fund-it's what I wouldn't let the balance dip below unless there was job loss or some other major crisis. The balance is what we use for things like house repairs, splurge vacations, a new car when we needed one, etc. We add to this every month. The $40k would cover 5-6 months easily if we had no income coming in. More if we knew it would be an extended thing and we cut back. [/quote]
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