How Much to Save
General Rule: 3-6 months of expenses
Save More (6-12 months) If:
- Single income household
- Self-employed/freelance
- Job in volatile industry
- Health issues
- Homeowner with older systems
- Dual income, stable jobs
- Low expenses
- Strong job market in your field
Where to Keep It
Best: High-Yield Savings Account
- Currently earning 4%+ APY
- FDIC insured
- Instant access
- Regular checking (no interest)
- Investments (too volatile)
- CDs (penalties for early withdrawal)