Emergency Fund Poll
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There are two schools of thoughts as to how you should treat your emergency fund.
One school suggest you should have enough funds in your emergency fund to cover your monthly expenses. To me, the word “expenses” suggest the bills you pay on a monthly basis, such as rent, mortgage, insurance, meals at home, etc…
The other school suggests you should have enough funds in your emergency fund to cover your monthly spending. To me, the word “spending” suggest everything including rent, mortgage, insurance as well as dining out, school supplies, clothings, etc…
I am curious to hear from you in regards to which unit of measurement should you measure your emergency fund with. Here is a poll where you can voice your opinion.
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