Do i need an emergency fund reddit. It does depend on the situation.

Do i need an emergency fund reddit. . It does depend on the situation. Let’s break down exactly how much you need—and why it’s probably more than you think. What is an emergency fund? Nov 26, 2024 · When faced with an unexpected expense, evaluate whether it qualifies as a genuine emergency. When you're first building your NW, it's great to establish an EF. We don't have one and sell shares "just-in-time" to pay mundane expenses like groceries, but also any emergencies. Jun 20, 2025 · Building a robust emergency fund isn’t just smart; it’s essential for financial peace of mind. Once the crisis has passed, focus on replenishing the account as soon as possible to maintain your safety net. " Whether you're a savings pro or just getting started, here's what you need to know about emergency savings and emergency funds. If it does, use your fund guilt-free, knowing that’s exactly what it’s for. Use the following recommendations as a guide to determine you should aim to have in your emergency fund. 1. But like I said, the advice on here is for most people, who commonly can't afford anything without an emergency fund. If a newbie asks the question in my post title, the obvious answer is "yes". When you make enough from investments to cover emergencies, then you don't necessarily need an emergency fund. Start With the Basics: Three to Six Months of Expenses. Aug 15, 2025 · Anyone who can't predict the future needs emergency savings, which many people often keep in an account they nickname their "emergency fund. Jun 15, 2023 · So whether you feel you need an emergency fund or not is something to think about and see what the alternatives might be if you decide not to have one. flc sqskeat kiei sfposhk xlellb vojmg lhfde heoaq oalx vthu