I have about ( I say "I" bc I do all the monies stuff) 1.5 months marked as emergency fund. But... I am trying to save for cars, since we both have old cars and our move next year. I am also being laid off as of 06/15. Will all those things up in the air, it's really hard to determine.
Lena

Count me in - we have $10 in our savings account.. We had over $500 in there after tax refund, but it just disappeared (from viable things - prescriptions, etc). I really am trying to build it back up but we are so tight that we don't have anything to put back into it each month.

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~~Amanda~~ Mommy to one Little Man (3 1/2 yrs old), TTC #2

WE'RE ADOPTING!!!

We don't have nearly enough in our savings but right now its hard. Okay I say that and its really not true. At the beginning it was tough and we had a lot of catching up to do. However after that we could have done better if dh would have been on board. Now dh is on board but his job is behind in paying us so my income is going to bills but then as soon as he gets paid we'll be able to add to our savings a bit more. Then now that his work should be straightened out we'll be able to save a lot more and pay off bills with my income for the next 5-6 months before I become a SAHM.

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Proud mommy to adorable Kinsley

MY BLOG!

Given the economy I would say 8 months minimum. dh was let go and we both worked parttime. we made less than half his previous income. both since we are both thrifty and I had stockpiles of everythng. we were able to manage for 2 years. I also had a baby in that time.
at one interview he found out that 100 people applied and that's alot of people for mechanical engineer. even the firm was surprised by the numbers.

allgirls

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allgirls, mom to 3 girls

Allgirls is right. I read somewhere that the 3-month rule is outdated. It's recommended now that people should have 6-9 months, possibly 1 year, of living expenses saved up.

We have 1 year of living expenses saved up. We could go longer by dipping into retirement and other investments. However, if I could see that our financial situation was not going to pick up within that year, I would sell our house and use those profits to pay cash for a modest mobile home and some land, thus greatly reducing our housing expenses. With that move, my small family could get by on next to nothing.

It would be really nice to be able to save up to 6-9 months of savings, but there's just no way we could do that. We wouldn't be able to pay our bills or eat!! We are frugal with our money to begin with, so we just try and save what we can, when we can. We do have our 401K to fall back on if we REALLY need it.

Yup us too. We have a boat so you all can hop in, but it might be uncomforable with all of us in it. It's so hard to save money right now. hopefully we will be able to when the kids go to school and I can work then. It wouldn't be any better if I would work b/c then I'd just be paying the daycare my wages. So we'll pray for the best.