Had a chat with my cousin about his emergency fund and it got me thinking...

He told me 3 months of expenses wasn't enough for him after his car blew a transmission in February... said he needed closer to 6 months to sleep at night. Most people in this sub swear by the 3-month rule but his story about that $4,200 repair bill made me wonder if I'm being too lean. Anyone else reconsidering their own emergency fund target after hearing a real-life story?

2 comments

2 Comments

pipera501mo ago

Honestly that transmission story really made me rethink my own 3 month rule.

the_david1mo ago

Read a study once that said waiting longer actually lowers the divorce rate.