The first half of 2022 has not been great. Inflation has hit a 40-year high, experts are predicting a recession, and buying a home doesn’t appear to be getting less expensive any time soon. Naturally, people are preparing for the worst, and many consider the country to be sitting on the precipice of a recession.
When preparing for potentially dire conditions, the topic of emergency funds and how much they should contain inevitably becomes a popular topic.
When discussing emergency funds, people tend to ask the same questions over and over. Experts and financial gurus subsequently give them the same solutions. Exceptionally broad questions such as “How much should I have in an emergency fund?” are asked incessantly, and nearly everyone parrots the monotonous “three to six months of expenses” response….