Alan Kopit
Alan Kopit
expenses financial form good habit hit household job leave less liquid living loss matter medical minimum pay people portion reasonable savings serious six three unexpected vulnerable woes worth
Three to six months' worth of savings for living expenses is the minimum every household should have, no matter its income. Any less can leave people vulnerable to serious financial woes if they hit unexpected difficulties, like a job loss or medical problem. It's a good habit for all working people to put away a reasonable portion of their take-home pay into some form of liquid savings.