Experts recommend 12-month emergency fund to prevent credit card debt

From Yahoo Finance: 2025-06-01 09:01:00

Financial experts are suggesting a 12-month emergency fund instead of the traditional 3-6 months due to job instability in industries like tech, auto, and travel. This fund can prevent credit card debt during a job loss. Freelancers should also have a cushion in case of losing major clients, especially during a recession.



Read more at Yahoo Finance: Why Suze Orman and 2 Other Money Experts Think You Need a 12-Month Emergency Fund