As a “poor” European, our incomes are nowhere near those figures. Like, think 1/2-1/3 of those.
But then again, I could come down with cancer tomorrow and not lose my home or job…
Yeah, here in America it’s recommended to have at least a 6 month emergency fund. To be comfortable you’d need a year of living expense that could only be used for emergencies. That’s why the comfortable budget has 20% of take home income set aside for savings.
As a “poor” European, our incomes are nowhere near those figures. Like, think 1/2-1/3 of those. But then again, I could come down with cancer tomorrow and not lose my home or job…
Yeah, here in America it’s recommended to have at least a 6 month emergency fund. To be comfortable you’d need a year of living expense that could only be used for emergencies. That’s why the comfortable budget has 20% of take home income set aside for savings.
Cries in ASEAN (without Singapore)…