DAVE SAYS: 3 to 6 months of expenses, not income

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?Lewis Dear 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 emergency fund. […]