What's a good amount of money to have save away for a rainy day?

Discussion in 'The Locker Room' started by Dreamzeedream, Dec 6, 2018.

  1. Dreamzeedream

    Dreamzeedream Superstar

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    Aka during a struggle or emergency


    I was thinking 10,000$ to 20,000$
     
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  2. rayswiftbeats

    rayswiftbeats All Star

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    6 months to a year advance of your rent, utilities and other various bills/expenses.
     
  3. Dreamzeedream

    Dreamzeedream Superstar

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    That's almost 10 racks depending on how luck your rent/Bill's is
     
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  4. rayswiftbeats

    rayswiftbeats All Star

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    I don't know your situation but do ya math muthafukka

    :russ:
     
  5. MaliktheRapper

    MaliktheRapper Superstar Supporter

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    $250,000 bare minimum, really $500,000 to be honest

    Broke nikkas shouldn’t even be allowed to sign up here, bringing all that negative broke nikka energy :hhh:
     
  6. ab.aspectus

    ab.aspectus All Star

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    i like to say 3-6 months of income (not just rent and expenses). Obviously that amount is dependent on uiuthe situation.
     
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  7. Uitomy

    Uitomy All Star

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    Anywhere from 3k to about 10k

    Since I’m going to live in Florida again once I have at least 5k personally I’ll be Gucci but I’m aiming for 10k myself


    I feel like TI in ATL the way I’m saving paper
     
  8. BobbyBooshay

    BobbyBooshay Black Tom

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    I like to keep a buffer of 3 months at least, been like that for years. As a I am a contractor there is always a chance the right role does not come about, so I like to know I have good fair amount put away.
     
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  9. GigoloGeoff

    GigoloGeoff All Star

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    At least 3 months worth of living expenses, but a year is ideal.
     
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  10. Dreamzeedream

    Dreamzeedream Superstar

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    I did. It came to be over 7,000 that's six months of rent
     
  11. Dreamzeedream

    Dreamzeedream Superstar

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    nikkas ain't got 250-500k put up bro
     
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  12. Dreamzeedream

    Dreamzeedream Superstar

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    Thats smart thinking ahead
     
    Last edited: Dec 6, 2018
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  13. Heafcliffe

    Heafcliffe Hope there's puddin' in the clink...

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    Thinking on the $20k to 25k side myself.

    Stays raining in today's climate. Gotta prepare.:wow:
     
    Last edited: Dec 6, 2018
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  14. Skooby

    Skooby Alone In My Zone Supporter

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    It depends on your situation.

    An emergency fund is suppose to protect yourself from job loss. I'm a permanent government employee so there is almost zero chance I'll ever get fired.

    And since I rent, my emergency fund is really just for car repairs. If you have a house then add home repairs to that.
     
  15. R=G

    R=G Street Terrorist Hall of Shame Supporter

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    4 months of extra income should be alright unless you're just a irresponsible stupid b*stard.
     
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