Personal Finance on Yik Yak | How much should my emergency fund be? Recently started investing in VOO as well as some other handpicked stocks, doing well but don’t want to fuck up by investing too much from my savings

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Personal Finance 5d

How much should my emergency fund be? Recently started investing in VOO as well as some other handpicked stocks, doing well but don’t want to fuck up by investing too much from my savings

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Anonymous 1d

Depends on your situation and how stable your job is. Military = extremely stable and can have a lower emergency fund. Meanwhile if your job is less stable you should have more

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Anonymous 5d

I have like 15k which is enough to get me through a very frugal year completely unemployed. I have it parked in HYSA so it’s not completely wasted earning potential. 3-4% HYSA is enough to at the very least combat inflation

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Anonymous 2d

6 months. but have those 6 months be in a HYSA. additional savings (which you MUST have) should be in a brokerage account

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Anonymous

#1 5d

I think most experts recommend 6 months for an emergency fund because you can typically get a retail/food service job in that amount of time

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