WHAT IS A GOOD RULE OF THUMB FOR AMOUNT OF MONEY TO KEEP IN SAVINGS
When you buy a home?
Are you not watching Suze Orman at all? This is pretty much Chapter 1, Page 1 stuff.
She suggests an 8 month emergency account - meaning you can pay ALL your expenses, including mortgage, for 8 months.
Which Orman book do you recommend?
I am buying a 500k home. I am putting 100k down, and planning on retaining 20k in savings. Is this enough?
I have 25k in savings and another 7k in one checking account and 5k in another checking account. I have no income and will not have one for the foreseeable future. Do you think I should buy a 1500 dollar desk chair? I have a really bad back and lots of health problems and cannot sit at my desk for more than 20 minutes without my back going into spasm. I want the chair in the link with a mocha finish and upgraded upholstery: