Carmen says 6 months Suzi says 8 who knows pick a month. I would say 6 just list the things you need really. No extra and if you think about it the chances of you both losing your jobs at the time is I would think pretty far up there in percentage so I would take that into consideration.
Retirement they took 2 percent out of husbands pay for years but that was a state run retirement system. I always saved 1% of our gross a month Still do. on the saving not on the retirement. With the way things are these days I would just start a good saving account somewhere when it gets big enough I would convert it to 3 month 6 month or if you can get over 4% go for the 1 or 2 year CD That way if the rates go up or down in these periods of time you can shop around for a better rate or just roll it over.
As Pretty woman said "I am a safety girl"
My son who is 40 started for the second time a 401K First one at 22 he lost most of it when the company he worked for went belly up and the rest he took out to save his house which he ended up losing anyway.
Carmen says 6 months Suzi says 8 who knows pick a month. I would say 6 just list the things you need really. No extra and if you think about it the chances of you both losing your jobs at the time is I would think pretty far up there in percentage so I would take that into consideration.
Hi!
Carmen says 6 months Suzi says 8 who knows pick a month. I would say 6 just list the things you need really. No extra and if you think about it the chances of you both losing your jobs at the time is I would think pretty far up there in percentage so I would take that into consideration.
Retirement they took 2 percent out of husbands pay for years but that was a state run retirement system. I always saved 1% of our gross a month Still do. on the saving not on the retirement. With the way things are these days I would just start a good saving account somewhere when it gets big enough I would convert it to 3 month 6 month or if you can get over 4% go for the 1 or 2 year CD That way if the rates go up or down in these periods of time you can shop around for a better rate or just roll it over.
As Pretty woman said "I am a safety girl"
My son who is 40 started for the second time a 401K First one at 22 he lost most of it when the company he worked for went belly up and the rest he took out to save his house which he ended up losing anyway.
Carmen says 6 months Suzi says 8 who knows pick a month. I would say 6 just list the things you need really. No extra and if you think about it the chances of you both losing your jobs at the time is I would think pretty far up there in percentage so I would take that into consideration.
Here is a relatively painless way to ramp up the amount funneled to retirement: distribute all or a portion of each pay raise to retirement.
In my opinion -- I would go for the 6 months EF if you can swing it!!!
Becky
CL of 4th, 5th & 6th grade Scoliosis
Thanks Becky.