I have about 3 months of my fixed costs covered (i.e. also the expenses not the income 😉)
I have money in TR (unfortunately) together with the money I'm currently saving for a watch I want to buy or if there's such a big dip that I want to invest a lot of money at once 😇
But I have enough self-control not to go below the nest egg amount.
But I completely agree on the subject of "it doesn't have to be directly available in cash"
If something breaks and I have to replace it straight away, I'll buy it with my cash anyway if the amount in my current account isn't enough.
I think the concept of 6 months comes from the USA where you can lose your job at the end of the month with 2 weeks' notice and where a car is unfortunately a must. In Germany, public transportation is good enough and the distances are much shorter.
I have money in TR (unfortunately) together with the money I'm currently saving for a watch I want to buy or if there's such a big dip that I want to invest a lot of money at once 😇
But I have enough self-control not to go below the nest egg amount.
But I completely agree on the subject of "it doesn't have to be directly available in cash"
If something breaks and I have to replace it straight away, I'll buy it with my cash anyway if the amount in my current account isn't enough.
I think the concept of 6 months comes from the USA where you can lose your job at the end of the month with 2 weeks' notice and where a car is unfortunately a must. In Germany, public transportation is good enough and the distances are much shorter.
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@LarryLindt that sounds sensible 👍
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@LarryLindt why unfortunately with TR?
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@Bidax unfortunately it's not because of TR but because I have a nest egg and savings in the same place and haven't separated them 😇
I am more than happy with TR !!!
I am more than happy with TR !!!
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