How Big Should Your Emergency Fund Be?

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[luvtrvl]

Life is so uncertain, we have a whole year emergency fund.

[JiisTube]

Good call the lady talking about the medical deductible

[mitchcugnet]

Oh medical deductibles. You poor souls in America. Where the constant worry of going bankrupt if you need cancer treatment or an emergency procedure

[ehderguyyashootadeerorno]

If I have $10k in the bank I should be good??? Whatttt. I think it should be more than that.

[darrelllee]

I struggle with this question. I have military pension and VA disability that could technically cover all basic expenses if I cut out everything - I mean everything - and just ate potatoes, beans, and rice. But I don't want to give up my lifestyle. So I think 10K is enough for me.

[kristin]

$10k in the bank? Thats barely over a month of expenses where i live lol

[ZachBrown-nt]

Even if you have 6 months, keep building it,

[leonkennedy]

Currently have 60k in my savings account

[Data_Science_Weekly]

Deductible? Nah FUCK THAT! other countries don't have it so neither should we.... go into medical debt then refuse to pay it, im on baby step 3 right now and I still have $300 in collections from a medical debt that should be illegal to even pay

[shanisafan]

I don't agree with the advice for singles with no dependents. I base my efund on how long it takes me to find another job. In this market, I want to have 9-12 months.

[RelevantEd_DrHenderson]

Where in the world is 10k 3-6mos worth of expenses? We live off of a % of our take-home, and expenses are around 5k a month (california).