Posted by: Kiddo January 12, 2015
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Frustu
Look at your bills and calculate what's your monthly expense is. This should include mortgage/rent payments, fuel charges, grocery/lunch expense etc. You can look at past 3-4 months and come up with your average monthly expense. Say it is $5000.
Now multiply this amount by 3 and 6. This gives you the range ($15k-$30k) that you need to have in your account that you can easily access without penalty. I say anything over it should be invested in mutual funds/bonds/diversified portfolio etc.
Do not compare what others have done, you will never be happy that way and will stay true to your sajha name.
Look at your bills and calculate what's your monthly expense is. This should include mortgage/rent payments, fuel charges, grocery/lunch expense etc. You can look at past 3-4 months and come up with your average monthly expense. Say it is $5000.
Now multiply this amount by 3 and 6. This gives you the range ($15k-$30k) that you need to have in your account that you can easily access without penalty. I say anything over it should be invested in mutual funds/bonds/diversified portfolio etc.
Do not compare what others have done, you will never be happy that way and will stay true to your sajha name.