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2 Articles
Posted by MrRoadToFIRE on

Emergency Fund or how to deal with WTF-situations

Emergency Fund or how to deal with WTF-situations

Dear Reader,

Today’s topic is maybe one of the most important one of the personal finance: the emergency fund.

An emergency fund is essentially money that has been set aside to cover any of life’s unexpected events or so called WTF-events. If you are new to the personal finance world, building up an emergency account should be your priority!

How much should I accumulate in my emergency fund?

Posted by MrRoadToFIRE on

#2 Net Worth Update – Stashing cash

Dear Reader,

Welcome to the monthly Net Worth Update! I am still trying to stash money and so far, I am quite happy with my saving rate. I am currently still building up my emergency fund, which ultimately should amount about CHF 18’000-20’000. This amount represents 6 months of expenses and should cover every WTF event that could happen to me in the future. Now, let’s check my accounts!