6 months

Financial Planning

Amanda Schiavo

July 27

Are you financially prepared for the unexpected? Experts recommend that a household have 6 months' worth of emergency funds set aside to protect against sudden financial burdens. This can include car damage, medical costs or sudden necessary trips. However, according to a 2018 survey from Bankrate, only 29% of adults say they have this much for that specific purpose. 18% of adults have 3 to 5 months for emergency savings, 22% have less than 3 months, and 23% have none. If you aren't prepared for such expenses, start saving!

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