Mon, 18 May 2015
197-How Big of an Emergency Fund Should I Have? What Percentage of My Income Should I Owe In Debt Payments?
Today, I have a tightly focused show for you with a few key points from the CFP® Board curriculum. You will need this information on the CFP® Board exam and it will be useful for you as an individual.
First, I share with you how to choose between needing a 3-month emergency fund and a 6-month emergency fund.
Next, I share with you the manageable percentages of your income which you can allocate to debt payments.