Peace of mind
Is your purpose for your money peace of mind?
Things to Consider:
How much will be required to offset loss of income if I experience a medical emergency or job loss?
Planning suggests that you should have 3 to 9 months of your current expenses readily available (this does not mean credit card limit).
Unexpected Emergencies May Include:
Health
Nursing care
Job loss
Children move home
Care of elderly family members
Care of grandchildren