"How many months of salary should a person have saved in an emergency fund ( experts recommend at least three to six months), and whether saving should be an ongoing process or about reaching a certain dollar amount, depends on your goals. As for your specific case, I'm tempted to weigh in on who I think is right. But I don't think that'll actually help your situation. Instead, I want to discuss what seems to be the underlying issue: You and your husband hold different financial planning philosophies and what appears to be an unequal approach to who calls the shots."
"For Love & Money is a column from Business Insider answering your relationship and money questions. This week, a reader and her husband have different ideas about how to save. Our columnist suggests that the reader remind her husband that her financial goals are important too. Have a question for our columnist? Write to For Love & Money using this Google form."
A married couple disagrees about emergency savings: the husband wants six months of spending kept on hand without monthly contributions, while the wife contributes to a high-yield savings account and feels she is the only one adding to savings. Experts commonly recommend three to six months of expenses in an emergency fund, and whether saving is ongoing or goal-focused depends on individual objectives. The core problem is differing financial philosophies and an unequal approach to making decisions. The wife should assert that her financial goals matter and the couple should agree on a shared savings plan and responsibilities.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]