055. Our formula for how much to keep in your emergency fund
Inside Out Money
Calculating the Ideal Emergency Fund Size
The chapter delves into a formula for determining the optimal amount to keep in an emergency fund, considering factors like income sources, dependencies, and unexpected situations. The hosts discuss personal experiences and provide tips on gradually building up the fund while continuously replenishing it. They emphasize the importance of understanding financial goals, tracking spending, and the relevance of emergency funds beyond job loss scenarios.
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