Do you really need an Emergency Fund? In my humble opinion, I think everyone should have a emergency fund of sort. I think a family should at least have a minimum of five months worth of bills in your savings or checking account all the time. Just in case your current employer decides to have some sort of cutbacks and you positions is one of said cutbacks. Thus, you wouldn't have any worries at that particular time about getting the bills paid.
Personally, I try and keep the five months worth but having a family of six and one income, often causes me to dip into the savings for house repairs or some medical reason. Living in Southwest Virginia, I find the medical care in this region a joke. My wife has congestive heart failure and one thing
Personally, I try and keep the five months worth but having a family of six and one income, often causes me to dip into the savings for house repairs or some medical reason. Living in Southwest Virginia, I find the medical care in this region a joke. My wife has congestive heart failure and one thing