Comments on: What’s your number? http://www.punchdebtintheface.com/2009/11/whats-your-number.html A fun personal finance blog Sat, 11 Feb 2012 01:47:08 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Lydia aka Ms. MoneyChat http://www.punchdebtintheface.com/2009/11/whats-your-number.html#comment-1766 Lydia aka Ms. MoneyChat Thu, 12 Nov 2009 18:32:58 +0000 http://www.punchdebtintheface.com/?p=215#comment-1766 My initial goal was 6 months of living expenses. I currently have 6 - 9 months (the time frame depends on what discretionary items I include or exclude in the monthly budget). Ideally I'd like to have 12 months of living expenses, to include certain discretionary items that I would like to maintain as a part of my life;-). In total those discretionary items are about $200 - $400 a month. .-= Lydia aka Ms. MoneyChat´s last blog ..<a href="http://mymoneychat.blogspot.com/2009/11/5-benefits-of-great-exodus.html" rel="nofollow">5 Benefits of the Great Exodus</a> =-. My initial goal was 6 months of living expenses. I currently have 6 – 9 months (the time frame depends on what discretionary items I include or exclude in the monthly budget). Ideally I’d like to have 12 months of living expenses, to include certain discretionary items that I would like to maintain as a part of my life;-). In total those discretionary items are about $200 – $400 a month.
.-= Lydia aka Ms. MoneyChat´s last blog ..5 Benefits of the Great Exodus =-.

]]> By: SingleGuyMoney http://www.punchdebtintheface.com/2009/11/whats-your-number.html#comment-1749 SingleGuyMoney Wed, 11 Nov 2009 23:51:25 +0000 http://www.punchdebtintheface.com/?p=215#comment-1749 My number is extremely high compared to some of the comments above. I am currently aiming for $50,000 in savings/emergency fund. I'm currently at about $35,000 so I have a little way to go. Once I hit $50,000, I will be shooting for $75,000. I don't want to have a need to borrow money again. I have a mortgage so I don't need anything else to be financed. Having a large savings account means I can self finance anything I need. My number is extremely high compared to some of the comments above. I am currently aiming for $50,000 in savings/emergency fund. I’m currently at about $35,000 so I have a little way to go. Once I hit $50,000, I will be shooting for $75,000.

I don’t want to have a need to borrow money again. I have a mortgage so I don’t need anything else to be financed. Having a large savings account means I can self finance anything I need.

]]> By: Anonymous http://www.punchdebtintheface.com/2009/11/whats-your-number.html#comment-1746 Anonymous Tue, 10 Nov 2009 22:43:46 +0000 http://www.punchdebtintheface.com/?p=215#comment-1746 My EF is $5,000 in my online bank and I have a $1,000 buffer (emergency emergency fund?) in my normal bank. I like this number, but I currently have a wedding, house and Roth fund. I think my actual 'number' would be more like $10,000 because I know I could use my other funds if I absolutely needed to<br /><br />Courtney My EF is $5,000 in my online bank and I have a $1,000 buffer (emergency emergency fund?) in my normal bank. I like this number, but I currently have a wedding, house and Roth fund. I think my actual 'number' would be more like $10,000 because I know I could use my other funds if I absolutely needed to

Courtney

]]> By: Duddes02 http://www.punchdebtintheface.com/2009/11/whats-your-number.html#comment-1745 Duddes02 Tue, 10 Nov 2009 19:12:38 +0000 http://www.punchdebtintheface.com/?p=215#comment-1745 $15,000- which is 12 months of expenses.<br /><br />I was unemployed and I had $1730 a month on UE insurance-which covered everything for the month.<br /><br />My savings fund would be for a case where I don't get UE insurance (traveling..etc)<br /><br />It'll take me about 7 months to save the 15k and then I will be quite happy $15,000- which is 12 months of expenses.

I was unemployed and I had $1730 a month on UE insurance-which covered everything for the month.

My savings fund would be for a case where I don't get UE insurance (traveling..etc)

It'll take me about 7 months to save the 15k and then I will be quite happy

]]> By: RainyDaySaver http://www.punchdebtintheface.com/2009/11/whats-your-number.html#comment-1744 RainyDaySaver Tue, 10 Nov 2009 16:59:12 +0000 http://www.punchdebtintheface.com/?p=215#comment-1744 I like the 6 months' worth of expenses number for my savings -- which will be about $20K. We're only 1/4 of the way there since we just started, but we'll get there. And then probably keep saving past that number! I like the 6 months' worth of expenses number for my savings — which will be about $20K. We're only 1/4 of the way there since we just started, but we'll get there. And then probably keep saving past that number!

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