Do You Really Need Six Months’ of Expenses in Your Emergency Fund?

Do You Really Need Six Months’ of Expenses in Your Emergency Fund?
Emergency funds are important. But it may be practical to start small. CHUYKO SERGEY/Shutterstock
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The first half of 2022 has not been great. Inflation has hit a 40-year high, experts are predicting a recession, and buying a home doesn’t appear to be getting less expensive any time soon. Naturally, people are preparing for the worst, and many consider the country to be sitting on the precipice of a recession.

When preparing for potentially dire conditions, the topic of emergency funds and how much they should contain inevitably becomes a popular topic.