One In Three Does Not Have An Emergency Fund

According to this Dutch article one in three fellow Dutch(wo)men do not have an emergency fund! About another third does not have a sufficient emergency fund, which means the amount is lower than €3500. Only 21% of the Dutch have an emergency fund that exceeds €5000.

I find this shocking. A lot of people would not be able to make ends meet for one month if for one reason or another they wouldn’t receive a paycheck that month.

Our minimum emergency fund would cover us for about six months, we’d probably stretch every euro and make it last for eight to nine months. Right now our total ‘stash would cover our expenses for a year and a half, maybe even two. We think that’s way too much and we’re thinking about investing the surplus. Well, if you’ve been reading this blog you know all about it. The husband is going to calculate our different options.

How long would your emergency fund cover your expenses?


Mrs EconoWiser


2 thoughts on “One In Three Does Not Have An Emergency Fund

  1. valhalla

    I have used everything to pay off our mortgage, which went from 288000 to 230000 in less than 3 years. I am now working on an emergeny fund, but i think it is a bit of a waste of money… DH works in my fathers company, things are going great over there so no worries about that. If we need something big (like another car) we wait for a month and buy it since you can buy a pretty good one for 1100 euro’s.

    1. econowiser Post author

      I agree, in my opinion we could cut our minimum emergency fund in half. The husband didn’t feel comfortable with that number…and since money shouldn’t be the source of a lover’s tiff…I gave in! 😉


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