|12-12-2011, 11:14 PM||#1 (permalink)|
Join Date: Nov 2010
Rainy Day Fund Size
I have been setting aside a small amount of $ each month for a rainy day fund. It's all going into a government-backed, but low-interest account.
Is there a rule of thumb as to how much I should have in there in terms of monthly expenses? I've gotten a lot of contradictory advice.
The fund I'm creating will be used in case I, say, get hit by a car and can't work, or someone breaks into my apartment and steals a lot of valuables, etc.
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