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<p>[QUOTE="Gam3rBlake, post: 8313442, member: 115909"]The 3-6 month rule is dependent on one’s job.</p><p><br /></p><p>Some jobs are much easier to find work than others and so people in some professions are advised to save more than people in other professions on the assumption that if they lost their job it would take some time to find new work.</p><p><br /></p><p>Now having said that there are also people who don’t need anymore than 1 month of emergency fund savings.</p><p><br /></p><p>For example myself. I don’t need a large emergency savings because my military pension is guaranteed for life which makes a large emergency fund unnecessary. For someone like myself putting aside $2,000 is enough of an emergency fund because my income cannot be taken away or lowered.</p><p><br /></p><p> It’s important to remember financial advise is different for everyone based on individual circumstances.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 8313442, member: 115909"]The 3-6 month rule is dependent on one’s job. Some jobs are much easier to find work than others and so people in some professions are advised to save more than people in other professions on the assumption that if they lost their job it would take some time to find new work. Now having said that there are also people who don’t need anymore than 1 month of emergency fund savings. For example myself. I don’t need a large emergency savings because my military pension is guaranteed for life which makes a large emergency fund unnecessary. For someone like myself putting aside $2,000 is enough of an emergency fund because my income cannot be taken away or lowered. It’s important to remember financial advise is different for everyone based on individual circumstances.[/QUOTE]
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