FYI: For years, consumers and financial advisers have wrestled with the “right” amount to set aside for emergencies.
The long-lived rule of thumb on the subject is that three to six months of salary is necessary to have an adequate emergency fund, but few people actually live by that guideline.
Not only is that a lot of savings and difficult to come up with for many people, it’s also not like the typical emergency requires six months’ worth of salary in the next 24 hours. Planning for emergencies is often more about access to sufficient money than it is about the money someone has in the bank.
But a new study by two college professors has defined the ideal emergency savings threshold, which turns out to be $2,467.
Regards,
Ted
https://www.seattletimes.com/business/do-you-have-2467-saved-for-emergencies-you-should-2/
