Do I Need an Emergency Fund? Rule of thumb 3 to six months of income Is there a better way? Know your expenses What would you spend if you could only use money for essential living? How many months would you want to feel safe? Another way:10% of income if salaried or 20% if self-employed - Keep another 20% or 40% in retirement funds as a back up to the back up.  Example $100k per year salared $10k in online savings account, $20k in bond funds in retirement accounts. If self-employed double. Where should you keep the funds? Online savings Savings account In a drawer What is the back up to the back up? HELOC Bond funds in retirement accounts LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here 

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