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To: al baby

Do you have an emergency fund equal to two months of required spending, ie, mortgage, groceries, utilities, healthcare, etc.? If not fund the emergency fund. Any leftovers go against the mortgage.


18 posted on 01/10/2016 12:50:36 PM PST by DugwayDuke
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To: DugwayDuke; al baby

These days, 2 months is inadequate for most folks. Six months is more practical. Another formula is one month for each $10k of annual income. Takes into account that it is easier to find low paying jobs than high paying jobs.


28 posted on 01/10/2016 1:21:47 PM PST by PAR35
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