003 Emergency Savings Funds: How Much You Really Need

This week we discuss why saving "3 to 6 months of your salary" for an Emergency Savings Fund makes zero sense in the military -- or for just about anyone for that matter. We explain how income replacement is just one reason to have emergency savings, but that if you have guaranteed employment in the military, this doesn't apply. You'll learn that the three main functions of Emergency Savings are:

1. Financial Stability

2. Protection

3. Peace of Mind

You'll hear examples of how an E-3 can need to save more than an O-3, and also learn specific savings targets based on your life circumstances. Listen in now to learn also where to keep your Emergency Savings Fund -- and how to keep it safe!

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