Common wisdom in the personal finance world is to have at least 3/4/5/6/9/12 months of expenses in an emergency fund. The money in this fund is used as a cash buffer, not to be invested but to be ready when something bad happens to you. In general, this is really good advice. But for the die-hard FIRE people, do you really need an emergency fund?
I am a huge data nerd, and personal finance nerd. That’s something I’ve said before. Also, I’ve been known for tracking every cent I spend, so that I can analyse the money I spend. What gets measured gets improved, so I measure the things I want to improve on. Simple, right? Then why don’t I … Read moreWhy I Don’t Track Spending from Our Joint Accounts