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What is 3-6 Months of Expenses and Which Should I Have?

The traditional emergency fund is 3-6 months of expenses. Most people don’t have it and some have way more. The one thing most people can agree on is that they have no idea what their 3-6 months of expenses should look like. The first step to having a solid emergency fund is knowing why you need it and what it’s for. If every time you save $1000 you have an “emergency” haircut, you’ll be battling this vicious cycle of emergencies forever. Why do I need an Emergency Fund? An emergency fund is for unexpected emergencies. You know they’re coming but…

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