Emergency fund is usually synonymous with job loss replacement fund. Anyone can lose his job, and you still have expenses that can’t be financed. Lots of factors can decrease the amount you need, like being a two income household, working in a public union job, not having kids, etc. So if all those factors are in place, your emergency fund can be closer to the 3 month amount of the recommended 3-6 months of expenses.

For someone with kids, private company, no union, spouse doesn’t work, etc the job loss fund should be more like 6 months of expenses.

Plus Expenses are not the same as income, 3 months of expenses should hopefully be substantially lower than 3 months of income.

Time horizon for what?

It doesn't hurt to ask. My debt interest is like 6% so it sucks to have but it will be paid off soon without paying too much in interest.

Thanks. Just making sure I wasnt missing something obvious. I just have a big desire to pay the mortgage off ASAP even though the interest isnt that great anymore.

Depends on if that debt was higher interest than what savings was pulling... Which answers my original OP question - I just didnt know if there was anything crafty these days to give me an even better position that I was missing.

I think its important to have some liquidity laying around don't get me wrong - but I think for someone with stable income, good credit, ability to borrow from family in a sticky situation, and liquid assets that could be sold, etc, emergency money isn't that important.

I guess I'd have to see examples of "emergencies". I have insurance for my home and everything in it, same for vehicles, same for health. With an 820 credit score, what can you not get with 0% financing in an "emergency"? I don't condone financing things but in an emergency I don't see a reason not to.

I’m a huge advocate of being mortgage-free. You’re so close but not close enough. You’re executing a great plan. Keep doing what you’re doing.

I'm 44 yrs old, biggest emergency I've had was a $8k air conditioner / furnace and I didnt even use cash because its at 0% interest.

Wouldn't you feel better knowing you have the money on hand though? I have some recent debt I could pay off right now but choose not to simply because I don't want to use my emergency fund.

Never had an emergency, huh? Just wait.

Seems we should complicate your decision making process:

https://investor.vanguard.com/investment-products/cds

Put the money for payoff aside in a HYSA. When you have enough, pay it off if you want.

True. And I think the 10k is a good rule of thumb.

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I guess I shouldnt say I dont need it, theres always a chance. If I need a couple grand I can reach out to the folks or something.

*this would be an extreme emergency btw

"hold my beer"

-OP's car, kitchen appliances, and HVAC system

What do you mean when you say you don't need emergency money? Is your emergency fund somewhere else or do you literally believe that you don't need an emergency fund?

it won’t let me continue opening an account without that info.

Put nothing. There's no legal requirement for them to know who your employer is. This is like when your doctor's office asks.

Your immediate opportunities are the most valuable comparison, and from what you described they are worse than what you have now. Keep your current job and find ways to improve your skills either on the job or during your free time, that'll open up more opportunities later

thank you!

Move and work remote. Advancement for the sake of it is t a big deal. If they call you a manager but you make less it isn’t worth it.

Mom and Dad, trusted sibling... somewhere if you were to get mail, it wouldn't be tossed immediately. Not critical as most things are delivered online now, but you have to fill something out. What is on your drivers license?

You can, but it doesn't matter.

Your own address matters much more.

okay thank you, i’ll be leaving where i’m at in 4 months so i can change address’s anytime as well?