Fans Personal Finance Savings Account Unemployment 
Family Balance Sheet
MARCH 26, 2021
Your wants and dreams are secondary and should be saved separately. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Create a separate savings account and call it your Emergency Fund. Be diligent about how you use this account.
Family Balance Sheet
FEBRUARY 22, 2011
Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery.
Expert insights. Personalized for you.
130 
Let's personalize your content