How big of an emergency fund do you need to survive a layoff or an emergency?

Author: Gagan

💰 It’s unique for each family.

⛔ Tech industry has lost 200k+ jobs in the last few months with companies such as Microsoft, Netflix, Robinhood, Coinbase, Shopify, Docusign, JP Morgan laying people off. We are sliding into a recession that is primarily impacting tech workers. Even Jeff Bezos recently warned everyone to “batten down the hatches”.

❓ We built the Emergency Funds Guide to help you stash away an amount that is right for your family’s emergency needs. Here's how.

First we factored in the obvious factors:

1️⃣ Expenses

2️⃣ Savings

Then added the things that are unique to you and your family:

3️⃣ Income

4️⃣ Job Security

5️⃣ Severance & COBRA Package

6️⃣ Spouse Employment

Finally added macros inputs into our algorithm:

7️⃣ Inflation

8️⃣ Economic Growth

9️⃣ Opportunity Cost of Excess Savings

✅ That’s how we calculate the exact amount that you should save. This amount is completely customized for your family’s unique circumstances. 💯

🎯 What if you have too much?

🔑 We give you ideas and step by step directions on how to invest extra savings into low cost growth and index funds.

🚀 Try Xillion's - Emergency Savings Guide for FREE 🚀

📣 PS: Our research suggests that people in tech typically have too much money in an emergency fund! This potentiallyreduces the wealth you can accumulate in the long run. That's because the money in savings accounts doesn’t really grow much. 📉

Save What You Really Need

Built For Your Needs

We Go Extra Mile

Join Xillion to get ideas on how to get started or to up your investing game. Explore our products & blog at Xillion - Wealth Management for Everyone!.