Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.
If you were hurt in a car wreck, accident around the house, or taken out of commission by a surprise illness and couldn’t go to work for a while, would your finances get you through? Perhaps you have three, six, or more months of emergency savings. But eventually, most households would run out of money.
As a self-employed freelancer, I set a goal of about one year of savings in my emergency fund, but with a stay-at-home wife, three kids, two dogs, and a mortgage, I know I have to do more than save to protect my family.
After reading about how another Business Insider writer signed up for disability