How much is a good safe keeping yearly amount?

I know everyone is different for the most part but on average what would be a good net

I'm not sure. At the present moment I am unemployed, thus with no income

I suppose the amount that keeps you fed, clothed, and sheltered. There's no way to give an average for that – it would be different for every single person.

Experts typical suggest working towards a $1,000 safety net at first, then building your way to 3-6 months of expenses. So, while it may vary in $ amount, the rule of thumb is still good. If your expenses total $1,500 then work toward $4,500-$9,000 in an emergency fund. If your expenses total $5,000 work toward $15,000-$30,000 and so forth.

I wish I could save without having to spend it on something right now.

Experts typical suggest working towards a $1,000 safety net at first, then building your way to 3-6 months of expenses. So, while it may vary in $ amount, the rule of thumb is still good. If your expenses total $1,500 then work toward $4,500-$9,000 in an emergency fund. If your expenses total $5,000 work toward $15,000-$30,000 and so forth.

Excellent answer. Wouldn't be able to say it better myself.

Experts typical suggest working towards a $1,000 safety net at first, then building your way to 3-6 months of expenses. So, while it may vary in $ amount, the rule of thumb is still good. If your expenses total $1,500 then work toward $4,500-$9,000 in an emergency fund. If your expenses total $5,000 work toward $15,000-$30,000 and so forth.

Good advice!!!

As Maria stated the general rule of thumb is three to six months of expenses. When I set the amount for my emergency fund, I chose to use my total yearly expenses divided in half. This was to be sure I included infrequent expenses such as memberships, car maintenance/registration/insurance renewal, home insurance, and taxes. Often these items are forgotten when budgeting and could in a emergency situation drain your savings faster if not accounted for.

Agreed with several others above that you should have enought to cover 3-6 months of expenses. Though it will also dpend on how much risk you can tolerate.

I like 6 months of expenses.

I know from personal experience that it is difficult to do, but if you keep at it your savings will slowly build. They way we have been saving is I take $5 minimum and put it in a savings account that I basically try to forget about. Hopefully I am not tempted to touch it that way.

Where’s the best way put your savings? I’m not very good with banks and I’m afraid debt will come to play and just take my money.

I have a lot of credit card debt that I’m paying off through a credit counseling program, but I have managed to save some emergency money for things like car repairs and other unpredictable things. My question is how much should I really be saving when I am paying off debt with an interest rate much higher than anything being paid on regular savings? There starts to be a trade-off at some point. I have negotiated lower interest rates, but I’m still paying interest. In 3 years when my debt is paid in full, it will be much easier to save.

It really depends on your monthly expenses. I would generally try to keep 3-6 months worth of emergency fund.