dwlt

have 3 months worth of salary in my emergency savings fund (read all 7 entries…)

I just realised...  — 1 year ago

...that the completion terms of this goal could alter if I were to receive a payrise, even though my expenses wouldn’t increase (I would just save mo’ money, mo’ quickly).

So, on that basis, I’m going to cap this goal to be £X,X00, based on salary at the time of setting the goal. Of course, I’m not expecting a payrise anytime soon, but stranger things have happened!

Feb 19, 2007, 02:04PM PST 10 cheers

Comments:

llong is not giving up

Perhaps....

you shouldn’t base emergency savings on salary, but on living expenses.

Most people shoot for 6 months of bare living expenses

Feb 23, 2007, 05:40AM PST | Thread | Respond to this

dwlt

Agreed.

That’s what I was basing my 3 months worth on, in fact – I may have written that on an earlier post to this goal. 3 months of salary would give me at least 6 months of expenses.

Mar 14, 2007, 04:19PM PDT | Respond to this 2 cheers


dwlt has gotten 10 cheers on this entry.

 

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