Minimum e-fund in our situation?

[Deleted]

9k- (6 months)

[mlvmd]

In a situation where job security isn't as much of a concern I often think of things like the total of all your insurance deductibles (house & cars) plus a major house expense like a new roof or furnace, etc. That is why I often think of 10k as being a safe minimum number.

[smiley]

I would suggest 3-6 months depending on how comfortable you are with your savings and living barebones if needed. ($3600 - $7200)

[Deleted]

With your expenses being so low I would not shoot for the 3 months ($3600) that is often suggested as a minimum. I would lean toward $7500-$10000. The expenses are important to cover but I would also want to consider major house repairs that could sneak up on you. New furnace or a/c unit or a major plumbing repair and you will easily spend more than $3600.

[zacksbride]

Jan 25, 2013 18:20:23 GMT -5 jenny1980 said:

Well, our $17k sewer line repair makes me more conservative about efunds. While your jobs may be safe, if you own a home, you could face a really substantial repair. I'd want at least $15k in your situation.

i agree with this.  even though jobs are secure, repairs on owning a home can wipe you out quickly.  12-15K would be what i aim for

[daydreamer]

$10000? I know this seems a high multiple of your fixed expenses given your job security, but as others have pointed out, there are plenty of non job loss emergencies that could rival job loss financial issues. OTOH, it's not like you couldn't defer your other home improvement plans if something more pressing came up ...

[lys]

6 months
You have not listed a good number of items in our expenses. (clothing, personal care, gifts/ entertainment, vacations, child care,

[Roc A Bee]

Wouldn't you still need food in a bare bones budget?

I'd shoot for 10k