Comments on: Saving The Bare Minimum: Emergency Funds and 401Ks http://www.bargaineering.com/articles/saving-the-bare-minimum-emergency-funds-and-401ks.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 01:56:28 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Andy http://www.bargaineering.com/articles/saving-the-bare-minimum-emergency-funds-and-401ks.html/comment-page-1#comment-51628 Andy Tue, 19 Dec 2006 04:24:02 +0000 http://www.bargaineering.com/articles/saving-the-bare-minimum-emergency-funds-and-401ks.html#comment-51628 It seemed to me that Jim was suggesting x * your expenses. X just equaled 3 or 6 months or whatever your preference was. If you are not working your expenses should go down. You should cut down on your discretionary expenditures when you aren't making any money. It seemed to me that Jim was suggesting x * your expenses. X just equaled 3 or 6 months or whatever your preference was. If you are not working your expenses should go down. You should cut down on your discretionary expenditures when you aren’t making any money.

]]> By: InvestorBlogger http://www.bargaineering.com/articles/saving-the-bare-minimum-emergency-funds-and-401ks.html/comment-page-1#comment-51453 InvestorBlogger Mon, 18 Dec 2006 14:43:23 +0000 http://www.bargaineering.com/articles/saving-the-bare-minimum-emergency-funds-and-401ks.html#comment-51453 Actually, a good rule of thumb might be x * your actual expenses. To do this, though, you need to work out your basic expenses (perhaps NOT including a daily latte would be a good idea here). Don't use your actual income when you do this first. It might be too depression. Basic Expenses Rent/Mortgage Bills Food Clothing You may have to have an Emergency Plan ready, including a list of things that you would need to cut! Best IB Actually, a good rule of thumb might be x * your actual expenses.

To do this, though, you need to work out your basic expenses (perhaps NOT including a daily latte would be a good idea here). Don’t use your actual income when you do this first. It might be too depression.

Basic Expenses
Rent/Mortgage
Bills
Food
Clothing

You may have to have an Emergency Plan ready, including a list of things that you would need to cut!

Best
IB

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