Thinking of investing

csgohan4

if your feeling pinched by putting in more than 200£ then I would consider shoring up your emergency savings first. we have at least 1 years living costs in PB's

Eco_Miser

Bravepants said:

There are some things that can be estimated from history; safe withdrawal amounts, ongoing inflation figures, annual returns, but the number of months coverage required for an emergency fund can only be estimated by the individual's knowledge of their work environment and prospects. To say someone needs 3 to 6 months as a generic figure is a bit of a misnomer in my opinion. 

You are considering loss of employment, but what if the emergency is something nasty, but non-fatal, non-insured, like a broken back, or long covid, that means you can't work for a year or more.
I'd rather say 6-12 months myself.