The topic of emergency funds seems to be harmless enough. But there’s actually quite a bit of debate over them. Experts don’t always agree on how big an emergency fund should be, or even where that money should be parked. We want to know what your emergency fund looks like.
Picture: Jacob Edward
If you have an emergency fund, how much do you have saved, and how did you decide on this number? You don’t need to give an exact amount — it’s probably better to tell us how many months’ worth of living expenses you have saved. Some experts say it should be three, others say nine, and some even say one months’ worth will work.
We also want to know where you’re saving this money. Is it in a traditional, liquid savings account? Is part of it invested in the stock market?
So tell us: How big is your emergency fund, and why?