tag:blogger.com,1999:blog-9201119128966034759.post1883968475313803605..comments2023-06-25T03:54:49.880-04:00Comments on The Adler Debt Project: Building An Emergency Fund?Anonymoushttp://www.blogger.com/profile/01992885210884719709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9201119128966034759.post-44904871390451025172015-02-27T17:22:02.761-05:002015-02-27T17:22:02.761-05:00Hi Sarah. First, thanks for reading! Hope you ar...Hi Sarah. First, thanks for reading! Hope you are well. You make a great point. I probably should have clarified that once you've paid off your debt, that you would save for a 6-8 month emergency plan. We survived on our 1K emergency fund through our debt pay down. That allowed us to pay down on our debt ASAP, which was our goal. I think either strategy could work and depends on what goals you have. We have now started to increase that number for the very reason you're getting at i.e. loss of job, unforeseen circumstance, . . . Whether it's 1K or 10K, I don't think many people have this in place. My hope for folks out there is to actually have an emergency fund no matter what amount they decide on.Anonymoushttps://www.blogger.com/profile/01992885210884719709noreply@blogger.comtag:blogger.com,1999:blog-9201119128966034759.post-80283513352451028422015-02-27T11:54:10.438-05:002015-02-27T11:54:10.438-05:00I know I mentioned this when you started the debt ...I know I mentioned this when you started the debt project but I'll mention it again: Suze Orman recommends an 8 month emergency fund that would cover all your bills and minimal living expenses for that time period. IMO $1k is far too low and should be increased ASAP. Just my 2c!Sarah Baileyhttps://www.blogger.com/profile/05128144099479358786noreply@blogger.com