How many months worth of expenses do you think your financial resere should include Describe at least two reasons for this decision?
You should have a fully funded emergency fund of 3-6 months of living expenses. The reason for building up this reserve? With this reserve you're building your safety net against major life events so that you never have to go into debt again. When you have your 3-6 months saved there aren't very many things that can happen that you can't pay cash for outright. ChaCha!
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