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Reply to "Emergency fund if you have a "safe" job"
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[quote=Anonymous][quote=Anonymous]It's not just about being laid off. It could be an emergency where you can't work for medical reasons or need to leave your home or need to pay for a big unexpected expense. To me, your savings seems low relative to your expenses. It also depends on whether you are truly on your own or have family you can live with. [/quote] This. A friend of mine had a heart attack in her 30s and was out of work for an extended period before she was cleared to resume. It was completely out of the blue-no risk factors. Another friend of mine’s husband died suddenly and getting his life insurance sorted was a massive nightmare. They relied on that emergency fund while things were tied up. Job loss is just one type of emergency. [/quote]
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