With minimize cash you mean even the emergency fund or the money left after your have a few months of expenses in cash? thank you, great article as always!
I guess it works if you have twice (or more) your emergency fund on stocks and no plans to retire in the next few years. but yes, I would at least keep 2 months in cash.
I keep 2-3 months of expenses. I try to keep 2 months always available and the money for the third I used to things like car repair, private insurance or any other emergency, I see more like amount of money I have saved for big bills. I keep only 2 months because I'm single, no dependants, have a high paying job as a software engineer and I'm really good at it, so is very unlikely to be unemployed more than a few hours/days (really!). If I endup in a situation where I'll need to cover more than two months I can always go back to Nicaragua where I have a shelter and can live with the third of what I spend where I live right now.
Comments:
I have a monthly budget and track expenses, but that's it. I don't have a specific budget for each item or expense category
Post: Should folks create and follow a written budget?
Link to comment from February 27, 2022
With minimize cash you mean even the emergency fund or the money left after your have a few months of expenses in cash? thank you, great article as always!
Post: Go to Extremes
Link to comment from July 31, 2021
I guess it works if you have twice (or more) your emergency fund on stocks and no plans to retire in the next few years. but yes, I would at least keep 2 months in cash.
Post: How much emergency money should you hold?
Link to comment from July 10, 2021
I keep 2-3 months of expenses. I try to keep 2 months always available and the money for the third I used to things like car repair, private insurance or any other emergency, I see more like amount of money I have saved for big bills. I keep only 2 months because I'm single, no dependants, have a high paying job as a software engineer and I'm really good at it, so is very unlikely to be unemployed more than a few hours/days (really!). If I endup in a situation where I'll need to cover more than two months I can always go back to Nicaragua where I have a shelter and can live with the third of what I spend where I live right now.
Post: How much emergency money should you hold?
Link to comment from July 10, 2021