BLUF: Life is full of emergencies that need to be paid for. The right amount to save for an emergency fund is a personal decision but if you're worried about money, that is a hint you should save more. Not everyone wants an emergency fund but all of us need one.
I like the idea of an emergency plan rather than emergency fund. The opportunity costs of saving that much cash before investing, and then keeping that much cash on the sidelines are way too much for me. I would rather have everything in a taxable brokerage and rely on margin/lines of credit/credit cards should an actual emergency arise.
I like the idea of an emergency plan rather than emergency fund. The opportunity costs of saving that much cash before investing, and then keeping that much cash on the sidelines are way too much for me. I would rather have everything in a taxable brokerage and rely on margin/lines of credit/credit cards should an actual emergency arise.