Rainy Day, Rainy Month or Rainy Year
Hi folks! Welcome to The Green Swan. Today we are going to chat a bit about emergency funds and, specifically, one of the major points of contention I have with them. I would even go so far as to call it an Emergency Fund Myth! What is it, you ask? The myth is the common guidance to set aside three to six months of living expenses (yes, I’m looking at you Dave Ramsey…). When establishing an emergency fund, what it comes down to is determining what exactly you are insuring for and if there are better alternatives.