Understanding the 3-6-9 method for emergency savings
The 3-6-9 guideline is a useful framework for calculating your required emergency fund. According to Zee Business, if you are single, have no dependents, and hold a secure job, you should maintain a reserve covering three months of expenses. For those supporting a family, raising children, or paying off EMIs, it is recommended to save six months' worth of costs. If you are self-employed or have an unstable income, you should aim to set aside a fund that covers at least nine months of your living expenses.
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