u/Eldereon

With apartment leases renewed and inflation up, recalculate how many months of expenses you have saved in emergency savings and start bolstering it now, if possible.

I did my new budget for the year and had thought, through all of last year, that I had a comfortable year of expenses saved. It was actually six. On top of that, I moved to a more expensive area so rent is 20% more, shrinking my actual cushion to less than 5 months.

With the state of the job market and companies laying off left and right, one year of expenses seems to be the new necessary.