Money Matters
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

What is an e-fund?

I've been seeing this term being tossed around on the board but I don't know what it is. So what exactly is an e-fund? 

Re: What is an e-fund?

  • emergency fund

  • Emergency fund - general recommendation is $1,000-$3,000ish in savings before you start saving for anything else or paying off debt.  Then once your debt is gone (or manageable in the case of a mortgage or student loan), you increase the e-fund to 3-6 months of expenses.  That way if you lose your job you have time to float without going into debt again right away.

    Some people put their e-fund into investment accounts, H and I keep ours liquid.  Personal preference, neither one is correct or incorrect.
    Wedding Countdown Ticker
  • Thanks for the clarification! 
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