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AIBU?

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Original poster

To ask how much you keep in your emergency fund?

104 replies

ByCheekyDreamer · 08/04/2025 19:01

Some say 3-6 months’ expenses, others aim for a year or more. What’s actually realistic?

OP posts:
SaladSandwichesForTea · 08/04/2025 19:07

2k.

We have access to 4k on the credit card and overpay the mortgage 1k a month so we would have access to money and have a good reserve of overpaid mortgage (which would let us take a mortgage holiday for up to a year)

The chances of us both losing work at the same time is low.

And I'll get flamed but I don't want so much in savings that I wouldn't be eligible for government support if I needed it.

DrCoconut · 08/04/2025 19:07

COL and a series of expenses means there's under £200 at the moment. I know others will be even worse off and I'm lucky to have any savings.

2025Hackathon · 08/04/2025 19:06

6 months but working on a year’s expenses.

Ideally, there would be a separate rainy day or emergency fund outside run of the mill living expenses.

Flutterbyby · 08/04/2025 19:02

Wouldn't call it an emergency fund but it's about 50k.