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Cool stat!

January 6th, 2011 at 03:24 pm

With recent additions to my medical and emergency funds, I realized we are over $12,000! I've estimated our emergency budget (assuming we would have no jobs and would all need to purchase private health insurance) would be just over $4,000, so that means we have about three months of expenses in our EF savings!

OK, I calculate our British funds at a 2:1 dollar-to-pound ratio, so that total is a tad higher than real-life exchange rates. But I just calculated our funds with the actual exchange rate, and we have just over $11,000. So we're really close to having three months' expenses saved away.

When people tossed out the "and of course you should have three to six months' worth of living expenses set aside," I used to think that was such an impossible number. But we're getting there very soon!

3 Responses to “Cool stat!”

  1. Petunia 100 Says:

    That's great, congrats on reaching this milestone.

  2. ThriftoRama Says:

    Yay!

  3. creditcardfree Says:

    Congrats on getting that EF together!!

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