To ask how much you keep in your emergency fund?

[ByCheekyDreamer]

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

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

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.

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.

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.

I follow Dave Ramsey.

£1000 for emergencies in high street banks
£6 months longer term savings (isa) incase of redundancy etc

What emergency fund?

zero ☹️

About 6 months worth of living as I do now, if I cut back all the niceties and whatnot maybe 12 months. I have a separate fund for boiler going kaput etc that would just about cover the cost of an immediate replacement.

I’ve worked really hard on my credit score too so have multiple credit cards with decent 0% APR deals on them. Could definitely use them if needed.

Enough to cover two years of mortgage payments and bills.
If a disaster were to happen that should give enough time.

We have a years expenses if necessary.

Between 3 and 5 k.
I have access to money if a big totally unexpected emergency crops up, but the amount shown is what I call my instant emergency money.
I wouldn't feel happy without it to hand.

20k

You guys have emergency funds? 😂

Being serious, I managed to get to 3k once. Then my rent, bills and the cost of living all went up and poof - gone.

We are trying to build it up again but some BS seems to happen every month or so at the moment!!!!

I don’t have one but I do have 2 credit cards for emergencies and larger purchases that get paid off in full when used

Two years of mortgage and bills plus food etc, more if I massively cut back.

Also doing Dave Ramsey.

So £1k for now, to be built up to six months once I'm fully out of debt. Genuinely life changing for me.

Not as much as I had pre Trumps tariffs….but it’s still about 5 years worth. DH and I both work in a really insecure sector, he was out of work 2 years last time he was made redundant and it wouldn’t be at all surprising if one, or both of us, was made redundant by the end of the year. I still worry it’s not enough, which is ridiculous really.

£500. Would like to get to 3-6 months living expenses but never managed to get there.

At the moment 3 months wages which is 4 months expenditure roughly

I put enough in savings pots to cover all my annual bills, like rates, car insurance etc. I also have credit cards with a higher limit than I really need to cover any other emergency that might crop up.

This made me chuckle, just read the thread from the lady saying typical mums netters were all rich and she didnt feel like she fit in, a lot disagreed.
Flicked to this post about emergency savings and first reply was 50k 😀

To be fair I do have savings but mostly due to an inheritance.

Not enough, bloody washing machine decided to breakdown today 😔

6 months salary. More if I can.

I had £3k which was enough to (mostly) cover rent and utilities for 3 months, but then I had to pay for two funerals in 8 weeks which threw me into debt and I've not recovered yet a year later.

We have around £23k, which would cover our essential bills for about 12 months. We used to have more, but paid off our mortgage last autumn and that reduced our savings a lot. We are managing to save £1-2k a month at the moment, though, which is reassuring.