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View Poll Results: Do you have at least 6 months of savings set aside in case of an emergency?
Yes, I do 36 64.29%
No, I don't 20 35.71%
Voters: 56. You may not vote on this poll

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Old 07-11-2012, 07:10 PM
 
3,083 posts, read 1,490,435 times
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Default How many people have 6 months worth of savings?

I have been told on a couple different occasions that this is sort of the benchmark for being prepared in today's economy in case you happen to lose your job. Aside from whether or not you agree with that figure, do you have at least 6 months of savings set aside in case of emergency?
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Old 07-11-2012, 07:32 PM
 
657 posts, read 186,728 times
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i been good ....over 100k in credit limit sitting at 0 used and i have about 10 years of saving in case of job loss... in which i also have tenure......... so am good..........but i know many who are not.........
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Old 07-11-2012, 07:38 PM
 
3,083 posts, read 1,490,435 times
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Quote:
Originally Posted by dalebx28 View Post
i been good ....over 100k in credit limit sitting at 0 used and i have about 10 years of saving in case of job loss... in which i also have tenure......... so am good..........but i know many who are not.........
Wow, good job, dalebx! That's mighty impressive.
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Old 07-11-2012, 09:20 PM
 
Location: southwest Nebraska and northwest Kansas
2,094 posts, read 2,657,481 times
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Not even remotely.
However I do have a full pantry and no mortgage on our house.
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Old 07-11-2012, 09:29 PM
 
Location: N. California (bay area)
60 posts, read 99,806 times
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My husband and I do not have much debt except our mortgage on our 2 yr old home and DH has a small amount left on his student loan. We both have well paying careers and do not have any kids so we put a lot of our salary towards savings.
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Old 07-11-2012, 09:57 PM
 
Location: Pasadena, CA
4,759 posts, read 4,411,864 times
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I have over 2 years (assuming a monthly budget of $1500)..

It all stemmed from being uncertain about being laid off or fired. Once I hit the 2 year mark, I stopped caring as long as I continued to do my job..
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Old 07-11-2012, 11:45 PM
 
3,083 posts, read 1,490,435 times
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Quote:
Originally Posted by ragnarkar View Post
I have over 2 years (assuming a monthly budget of $1500)..

It all stemmed from being uncertain about being laid off or fired. Once I hit the 2 year mark, I stopped caring as long as I continued to do my job..
Nice! Hopefully you won't have to worry about that and one day you'll have that money to play around with.
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Old 07-12-2012, 12:11 AM
 
Location: 125 Years Too Late...
6,565 posts, read 4,968,894 times
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Savings of what? Paper Monopoly money? No thanks.

Fiat currency has historically "blown up" too many times for me to trust it. I do, however, have several years worth of savings in provisions (food, supplies, tools, barter items, etc)... and at least six months savings of something that has been considered "money" for most of civilized human history--of course, I don't count on that either. That's just a backup.
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Old 07-12-2012, 12:25 AM
 
29,990 posts, read 18,675,335 times
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I'd go so far as to say that there are certain bills which recur regularly enough and are important enough, health insurance being one, that I try to pay those at least 3-6 months forward. Thus, "x" number of months in savings also means having some of the most important and predictable bills already pre-paid in addition to having "x" number of months in pantry food, water, etc... .
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Old 07-12-2012, 12:38 AM
 
Location: Interior AK
4,697 posts, read 4,786,955 times
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Quote:
Originally Posted by itsMeFred View Post
Not even remotely.
However I do have a full pantry and no mortgage on our house.
+1
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