reasonable amount of money to keep in the bank...

[thekunk07]

...at all times? opinions, thoughts, etc.?

 

[ter1413]

250k

 

[sho'nuff]

100 bux

 

[erdawe]

I prefer to think in percentages, not dollar amounts.

 

[Brosef]

Originally Posted by erdawe

I prefer to think in percentages, not dollar amounts.

This. We don't all have the same income.

 

[Ambulance Chaser]

I have read 3 - 6 months of living expenses, depending on how secure your job is.

 

[BP348]

Originally Posted by Ambulance Chaser

I have read 3 - 6 months of living expenses, depending on how secure your job is.

I've heard the same and can only one day hope I can have 6 months income in the bank. For most that has to be what? Like $15 - $20K?

 

[Suave]

15-20 is healthy

 

[JohnGalt]

Perhaps the most respected financial guru in the world, Suze Orman, says to keep an 8 month emergency fund.

 

[jefe]

Suze Orman is a marsupialed whore. With a bad tan. She is the financial equivalent of Fox News.

 

[Suave]

nice mr. O face guy av

 

[Usul]

Originally Posted by jefe

Suze Orman is a marsupialed whore. With a bad tan. She is the financial equivalent of Fox News.

Agree, like most lay financial experts she mixes broad generalization with oversimplification, However: would bang, along with a younger Martha Stewart.

 

[1969]

There are better places to earn a buck and still go liquid in 3-4 days.

 

[Piobaire]

Strictly my opinion and keep in mind my PoV was shaped by a very poor childhood:

One year of living expenses. Divide by 12 and use laddered CDs.

People will give you a million reasons why this is wrong and that doesn't bother me. I sleep very soundly though.

 

[gdl203]

30-50% of your current pre-tax household income, depending on your aversion to risk and how easy it is to find decently paying work in your field