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Save a 6-month emergency fund
After contributing since September 2022, I am now 71% funded and estimating I can complete this goal by July 2024 with my current salary and budgets.
Need to sit down and work this number out. Will obviously change this if we move out.
Goal: $6000
OK so what does it mean to have six months worth of emergency money....basically $5000 per month x 6 = 30,000 but guessing that I would not have the same expenditure issues like petrol, tolls and other work related expenses so the goal is $20,000
Added it all up and it would approx $4,000 to have six months of:
rent, electric, gas, water, trash, auto/motorcycle insurance & phone
rent, electric, gas, water, trash, auto/motorcycle insurance & phone
as from 1/10: 100€/month
Total of $7000
6 x $11089 = $66534
9/20/2011: I have came up with the total of how much I need to save before the days are up. Now I'll soon be working on the budget to try to make it happen!
at 3 months CD need 3 monthes in savings
Tags
Personal Finance Money Management Financial Planning Budgeting Saving Money Emergency Preparedness Savings Financial Independence Financial Stability Saving Financial Security Wealth Management Emergency Fund
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