Comments on: Emergency Funds: You Don’t Need As Much As You Think http://www.thewriterscoin.com/2009/05/05/emergency-funds-you-dont-need-as-much-as-you-think/ Personal Finance, Writing, and Blogging Sat, 20 Mar 2010 21:57:24 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Nut http://www.thewriterscoin.com/2009/05/05/emergency-funds-you-dont-need-as-much-as-you-think/comment-page-1/#comment-10727 Nut Wed, 06 May 2009 03:20:34 +0000 http://www.thewriterscoin.com/?p=1965#comment-10727 @josh Good point about the likelihood of both of us being out of work being very low. The formula should work either way, though. Whatever income is being counted or goes missing, it should work. There were lots of other little details I considered adding, but didn't want to get carried away with details. @josh Good point about the likelihood of both of us being out of work being very low. The formula should work either way, though. Whatever income is being counted or goes missing, it should work.

There were lots of other little details I considered adding, but didn’t want to get carried away with details.

]]> By: Grant @ BrokePiggy.com http://www.thewriterscoin.com/2009/05/05/emergency-funds-you-dont-need-as-much-as-you-think/comment-page-1/#comment-10684 Grant @ BrokePiggy.com Tue, 05 May 2009 14:44:35 +0000 http://www.thewriterscoin.com/?p=1965#comment-10684 Great formula and way to think it through. Other factors include the type of work you're in and your ability to get back out there and earn an income. Obviously, some industries are tougher to find a job in than in others. A blanket $X (salary) X 6 months just doesn't work. Great formula and way to think it through.

Other factors include the type of work you’re in and your ability to get back out there and earn an income. Obviously, some industries are tougher to find a job in than in others.

A blanket $X (salary) X 6 months just doesn’t work.

]]> By: josh http://www.thewriterscoin.com/2009/05/05/emergency-funds-you-dont-need-as-much-as-you-think/comment-page-1/#comment-10682 josh Tue, 05 May 2009 14:13:43 +0000 http://www.thewriterscoin.com/?p=1965#comment-10682 Did you base your emergency fund if both you and your wife are unemployed or just one of you? Aren't the chances that you and your wife get laid off at the same time very slim? Is it best just to play it safe and figure what your necessary bills are to live on for the both of you and save 3 months or 6 months? IF you plan to have kids do you factor that in now? Lucky for you, you can always move in with your inlaws. Did you base your emergency fund if both you and your wife are unemployed or just one of you? Aren’t the chances that you and your wife get laid off at the same time very slim? Is it best just to play it safe and figure what your necessary bills are to live on for the both of you and save 3 months or 6 months? IF you plan to have kids do you factor that in now? Lucky for you, you can always move in with your inlaws.

]]>