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!
Cool stat!
January 6th, 2011 at 11:24 pm
January 6th, 2011 at 11:58 pm 1294358281
January 7th, 2011 at 01:22 am 1294363368
January 7th, 2011 at 02:25 am 1294367130