Comments on: The Emergency Fund To The Rescue! http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Paul Williams @ Crackerjack Greenback http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-140428 Paul Williams @ Crackerjack Greenback Mon, 22 Dec 2008 17:55:56 +0000 http://www.ncnblog.com/?p=1973#comment-140428 Thanks for the comments, everyone! @Shaun Connell: I think 3-6 months is fine if you are eligible for unemployment benefits and you have a stable job (which doesn't apply to too many people right now), but 6 months is better. If you can't get unemployment benefits, 6-12 months is much better in case it takes a while to find another job. Six months is probably fine if you're married and your spouse works, but 12 would not be overdoing it if you're single. @David: I'm glad I could give you some motivation. I <strong>highly</strong> recommend you start building that emergency fund as soon as you can and as quick as you can. NCN has a lot of great posts on emergency funds and how to build them up. Check out his emergency funds category in the sidebar. Thanks for the comments, everyone!

@Shaun Connell: I think 3-6 months is fine if you are eligible for unemployment benefits and you have a stable job (which doesn’t apply to too many people right now), but 6 months is better. If you can’t get unemployment benefits, 6-12 months is much better in case it takes a while to find another job. Six months is probably fine if you’re married and your spouse works, but 12 would not be overdoing it if you’re single.

@David: I’m glad I could give you some motivation. I highly recommend you start building that emergency fund as soon as you can and as quick as you can. NCN has a lot of great posts on emergency funds and how to build them up. Check out his emergency funds category in the sidebar.

]]> By: Mark http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-140159 Mark Fri, 19 Dec 2008 00:17:59 +0000 http://www.ncnblog.com/?p=1973#comment-140159 Good tips. Smart move saving 6 months od expenses. Good tips. Smart move saving 6 months od expenses.

]]> By: David http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-139593 David Sat, 13 Dec 2008 10:41:40 +0000 http://www.ncnblog.com/?p=1973#comment-139593 A perfect example of why you need an emergency fund - I'd be in a bad place if that happened to me. Makes me even more motivated to get started on one! A perfect example of why you need an emergency fund – I’d be in a bad place if that happened to me. Makes me even more motivated to get started on one!

]]> By: Chris @ BuildMyBudget http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-138980 Chris @ BuildMyBudget Sun, 07 Dec 2008 20:58:41 +0000 http://www.ncnblog.com/?p=1973#comment-138980 Great post; I really enjoyed it. After paying off high interest credit cards, the next step is to definitely create a substantial emergency fund. The stress of SO many situations can alleviated if you have an emergency fund established. Great post; I really enjoyed it. After paying off high interest credit cards, the next step is to definitely create a substantial emergency fund. The stress of SO many situations can alleviated if you have an emergency fund established.

]]> By: Beef Up Your Piggy http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-138976 Beef Up Your Piggy Sun, 07 Dec 2008 20:05:41 +0000 http://www.ncnblog.com/?p=1973#comment-138976 Great tips...I have said on my blog before that if you can't money to put into an emergency fund...then you ABSOLUTELY need an emergency fund. Great tips…I have said on my blog before that if you can’t money to put into an emergency fund…then you ABSOLUTELY need an emergency fund.

]]> By: Shaun Connell http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-138874 Shaun Connell Sat, 06 Dec 2008 18:47:16 +0000 http://www.ncnblog.com/?p=1973#comment-138874 This is one of the reasons I have had an emergency fund since high-school. Call me paranoid. ;-p What is the optimal amount of time an emergency fund should last? Mine have always been about 6 months. Is a full year's worth of emergency funding a bit too much? Could that money be going to something more investment-worthy? This is one of the reasons I have had an emergency fund since high-school. Call me paranoid. ;-p

What is the optimal amount of time an emergency fund should last? Mine have always been about 6 months. Is a full year’s worth of emergency funding a bit too much? Could that money be going to something more investment-worthy?

]]> By: SingleGuyMoney http://www.ncnblog.com/2008/12/06/the-emergency-fund-to-the-rescue-ing-direct-savings/comment-page-1/#comment-138855 SingleGuyMoney Sat, 06 Dec 2008 16:12:47 +0000 http://www.ncnblog.com/?p=1973#comment-138855 Sorry to hear that you were laid off but happy to hear that you have an Emergency Fund to draw from. Good Luck on finding a new job. http://www.singleguymoney.com Sorry to hear that you were laid off but happy to hear that you have an Emergency Fund to draw from. Good Luck on finding a new job.

http://www.singleguymoney.com

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