answersLogoWhite

0


Best Answer

i would say about $30 per month

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much to put in an emergency fund monthly?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is an emergency fund?

Emergency funds are commonly used in families who have a budget. The fund is a set amount of money that is put in savings, in case an emergency occurs and money is needed.


How much cash should I have put back as an emergency fund?

Some financial experts feel that people should start with $1,000 dollars as an emergency fund. The goal is to have enough to cover all of your expenses for at least a month or two.


Building Your Emergency Fund?

Most people don't have savings put aside in case of an emergency, and find themselves in debt when an unexpected life event occurs. Ideally, to deal with those unexpected situations, you should have enough money put aside to sustain you and your family for six months. Budget- Make a budget and cut expenses where you can, putting the excess into an emergency fund. Determine An Amount- How much do you really need to sustain your family for six months? Invest Wisely- If you're going for an interest bearing account, be sure it's a low risk option.


How much i should put down a deposit for a car to buy?

The more you put down the smaller the monthly payments will be.


Emergency Fund Preparedness?

Emergency Fund PreparednessHave you thought about where your money would come from if you happen to lose your job or have an unexpected home or car repair? An emergency fund, which is money set aside to cover an unforeseen expense, is crucial to everyone to have in the event of an emergency. An emergency fund should be the first investment to make before all others.The first question people ask is, How much should be set aside in an emergency fund? The typical answer is this- save enough to cover at least three to six months worth of expenses in the event you cannot pay them. Saving more than this is of course ideal, but this should be the goal. The more money that you earn at the job you have now, the more you need to set aside, in the event you have to look for a new one.The nest step is to sit down with your family and budget and figure out how much you can set aside each month. This may include looking towards ways you can cut back your expenses, so you can set aside that extra money for your fund. For example, brew your own coffee instead of spending three dollars a day at the local coffee shop, or pack your lunch for work instead of buying every day. Don't get overwhelmed right away. Set your goal to save for that first three months, and then work on adding more. Put the money in a money market fund, or somewhere that it can be easily accessed in an emergency. Talk to your bank or credit union about the best place to put your money. You can then rest assured that you have something to fall back on in the event of a disaster.


What does a budget look like?

A budget is usually a set of money put aside that is a limit for weekly, monthly, or yearly spending. Most budgets include all necessary expenses and a small miscellaneous fund.


How To Build An Emergency Fund?

For many people all across the country, there may be no more important investment they make than to build an emergency fund. This would be the rainy day fund that could be accessed should any major unforeseen event occur in your life. Experts generally agree that you should keep around six months of living expenses in an emergency fund although you can keep a little less if you're lower risk such as having low risk of job loss or a little more if you're higher risk such as having poor health. But how you build your emergency fund can be just as important as whether you have one. Emergency funds are designed to be very low risk, safe and secure investments. Obviously, if you ever need to access your emergency fund you'll want to make quite sure that the money is there. Therefore, many of the investments you hold in your IRAs, 401(k)s and other accounts should not be considered for an emergency fund. Again, you should aim for six months of expenses in your emergency fund but if you don't have that much to put in right away (and most people don't), start with an automatic investment plan. This way you can sock away a little at a time until you reach that six month mark. Some investment firms will even allow you to start with a low initial minimum investment if you pledge to continue adding to it regularly. Only the safest investments should be chosen for an emergency fund. Things like money market accounts, treasury bills and CDs make ideal choices for emergency funds due to their safety and stability. Things like stocks, international funds and long-term bonds should be avoided. The temptation to earn a higher return might steer you towards these investments but with emergency funds principal preservation should be your #1 goal, not earning a high return. Starting a fund is crucial to giving yourself some financial stability and peace of mind. Build it the right way to ensure it will be there in case you ever need it.


How do you repair a stuck emergency brake on a 1993 Tercel?

you buy new emergency brake cables and put them on. you buy new emergency brake cables and put them on.


how much the enterest rate today and how much the monthly payment of 400,000 and five years fix?

The payment depends on how much you put down and how much they charge for insurance. interest is 5+


If trapped in traffic with an emergency vehicle behind you stay put?

If you can't safely move your car out of the way there is really not much else you can do than to stay put.


How do you put the word fund in a sentence?

Verb: A generous supporter will fund the production of the theatre group's next play. Noun: The company has a retirement fund for it's employees.


When stopping on a hill do you put on your emergency brake on first or put it in park?

you definitely has to put the emergency break on ill tell you what happens when you put it in park,.....you will go to the front and have a car crash.