Triforceofcourage
Platinum Member
I want to move out of my parents house soon and I want to know how much should I have saved up just in case of emergency?
Originally posted by: SophalotJack
4k if you don't plan on having a job right away.
But 2k if you already have a job and don't live more than basic needs till you can get more cash.
The minimum amount in your emergency fund should be three to six months worth of basic living expenses. Singles who don't have dependents who rely on them may be able to get by with three months' worth (although it makes me cringe to say so), but couples or anyone with dependents should definitely shoot for six months worth. The more people you support, the more likely you are to have unexpected or unplanned costs.