There is a lot of different
advice about emergency funds (check here) ranging from x months salary in savings to detailed planning for each of your expenses.
Not exact matches
Ever since we posted our view on
emergency funds, we have been thinking
about a succinct, straightforward but also scientific way to debunk that bad, bad, bad
advice that investors should hold large amounts of cash in a money market account.
You read all of this excellent
advice on the internet
about emergency funds, but somehow, you just can't seem to make it a reality.
Another great piece of
advice for those dealing with bankruptcy — if you filed Chapter 11 because you didn't have enough savings to survive a major financial setback like a job loss, it is time to get serious
about setting up an
emergency fund.