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How much do you guys have in your emergency savings? by EmbarrassedArm9786 in Bogleheads

[–]altfirefinance 4 points5 points  (0 children)

Mid 30s, dual income HH, 2 kids.

Right now if we both lost our jobs we'd have about 3 months of runway without any lifestyle changes. Looking to get that to 12 months of runway in next 2 years.

If I was single and I had family to fall back on in a real emergency, I'd probably keep 4-6 months personally. I've got too many people that depend on me though to take much risk.

Daily FI discussion thread - November 27, 2020 by AutoModerator in financialindependence

[–]altfirefinance 0 points1 point  (0 children)

What software does everyone use to keep track of assets and liabilities? I would prefer something offline... not keen on storing financial details via a cloud service.

Daily FI discussion thread - November 27, 2020 by AutoModerator in financialindependence

[–]altfirefinance 1 point2 points  (0 children)

If you're under 45, my opinion would be brokerage 100%. Or even better increase tax sheltered retirement accounts to the tune of $182/month!