Factors to consider when evaluating your emergency fund 👇🏽 🏦 Comment “HYSA” for a list of HYSA’s for your emergency fund. ✨ Do you own or rent? Homeownership often comes with unpredictable maintenance costs. ✨ Do you have children or dependents relying on your income? ✨ Are you a dual-income household? ✨ If yes, are those incomes in two different industries (or equally vulnerable to layoffs)? ✨ How stable is your job or industry right now? ✨ Are you self-employed, contract, or commission based? ✨ How quickly could you replace your income if you lost your job? ✨ Do you have access to family support or backup resources if needed? ✨ How many months of expenses does your emergency fund cover and how secure does that actually feel for your life? For us, it took 2 years to save $40,000, and we’re planning another year to add a few more months until we reach one full year of expenses. There is no right answer just whats right for you! #personalfinance #savings #emergencyfund