How much do you have set aside as rainy day funds and how long is that supposed to last you?

18 comments

1. I don’t have enough piles of money to swap between them based on the weather.

2. It always used to be $10000 but past ten years we kept adding. I’ts te n times that now.

3. I try to keep at least 1 year of income available and 6 months of food. I’m a bit older than most people on here so yes it takes time to save. Saving is easy skip the fast food and when you do put that amount in an account or somewhere in cash, same thing with a night of drinking or theater or whatever. Skip date night and stay in, learn to cook. Everything you wanna know is available to you for free take advantage.

4. I’m single. I got about 7 grand. If I stopped blowing my money on food, alcohol and trips it’d be a bit more towards it.

   It’d last me about 4-5 months

5. 10 years

6. $100 in my pocket at all times and $1000 under the carpet to last a week during a disaster.

7. 2 months of expenses immediately accessible. 4 months accessible within one week.

   I also have 4-5 months extra on an interest bearing account that covers leveraged stock. My broker has a promotional rate that is lower than the interest bearing account so I get free money.

   I also have food for 2-4 weeks at home.

   Giving you a $ equivalent is completely useless. Living cost of a small town in north Sweden is not the same as wherever you live.

8. I’m not a big spender. I could probably last 3-5 years on my savings if I really needed to.

9. Keep living my life the way I’m used to for at least 12 months. Aside from that I have savings for new car, holidays, etc

10. Couple of years. Bit longer if I withdrew some longer term investments.

    For disclosure I’m in my 30s and have always been really responsible with spending.

11. I have money in the bank that I don’t ever touch unless I absolutely need to.

12. $1000, it’s supposed to last me one or less emergencies. When I pay off my student loans I will increase that number to 6 months expenses.

13. 10.000€ – 6 months to 2 years, depending if I have to pay rent or not and how much.

14. “It’s not called a “rainy day fund” but “fuck you fund” for when I can’t take my managers shit anymore. It’s for the freedom and never feeling like I need this job if I want to eat next week.

    The actual amount won’t tell you much since I am in lower cost of living country but about 1-2 years of expences. I ussually take few months “vacation” between jobs. Don’t feel like waiting until retirement to have free time.

15. People have spare money?

16. That’s a negative. Does negative count?

17. I have no debt… so besides a few thousand, all my credit, which is a few ten thousand.

    That could last like 6 months.

18. Depends on what your career field and level is. If you can walk out the door and get a job tomorrow then you may not need as much. If it could take a few months to get a job that’s not a step backward if you lost your job then you need a bit more money. I like to have a years worth of living expenses semi-liquid. Meaning it’s invested and working for me but not leveraged or otherwise restricted should I need to get at it. I also tend to be debt free which helps minimize exposure if I end up in a situation without income.