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Dave Ramsey: Expenses, not income

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Dear Dave,I bring home $4,100 a month in military disability pay and Social Security combined. My wife brings home an additional $2,000 each month. Should we base our emergency fund level on her income only, since mine is guaranteed? — LewisDear Lewis,Your emergency fund shouldn’t be based on income. I recommend folks have three to six months of household expenses set aside in an [...]

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