What percentage of salary should you set aside for an emergency fund?

Гроза RU 📗 Student 👁 1 ⚑ Report Personal Finance

I read that you're supposed to have an emergency fund, but I don't know what size is considered normal. I have a steady job, but I still want to play it safe just in case I suddenly lose it.

emergency fund

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Ксения RU 📗 Student 💬 12 answers ⚑

I'd recommend setting aside 10-20% of your salary until you've saved up 3-6 months of expenses - that's usually considered a normal emergency fund. After that, you can lower the percentage you're putting away or put the money into investments if you want to.

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