We are trying to make haste with getting our emergency savings fully funded by the time the last day of work hits us on October 31st. Initially, we thought that $30,000 would do the trick to get us by for 6 months, but after sitting down and closely reviewing all our expenses, we learned that we needed much more than that.
In this video, we go over how we calculated our true cost for a a fully funded 6 month emergency savings. We categorized our expenses into essential and non-essential categories and we devised 3 different scenarios with 3 difference emergency savings amounts to help us see the bigger picture of what the future could look like for us.
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