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Hi, I'm David. I've been writing about personal finance for magazines and the Web for about five years. I'm also learning from my own money mistakes, and I started this site to share what I've learned. I invite you to learn more about this site, subscribe to my RSS feed or email newsletter, or contact me.
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Due to the interest I have received from my recent post describing a formula to calculate how much you need in your emergency fund, I have created an Excel spreadsheet that can run the formula for you. Download the free spreadsheet here »
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November 30th, 2008 at 8:08 pm
Your calculator is an interesting tool, but fails to reflect the dual income world we live in today. If both my wife and I can easily accommodate our lifestyle on our individual incomes, the amount I need to have saved for an emergency is much less than as the head of household. furthermore, I _really_ like your income volatility indicator, but we’ve diversified our industries so there is no statistical correlation (psychology and aerospace - you do the math) to increase our emergency fund. I’m not sure people are getting the full story, and they’re likely to think they’re safer than they really are (like I do!).
Thanks for the information,
Regards
Peter