How Much Money Should You Save For Weathering The Storm?
Well, it depends.
If your living expenses are higher, you should set aside more into emergency savings. How much would cover six months of your living expenses?
For example, if your lifestyle costs $3,000/month, you would need $18,000 saved to cover six months of living expenses.
If you’re not sure how much you would need to cover your lifestyle, start with $10,000. Let this be one of the first things you do when you’re getting your financial life on track. If you don’t have that kind of money sitting around, start by setting up an automatic transfer with an amount you can manage, let’s say $100 a month.
How to Get Started
This cash should sit in an easy-accessible savings account. A money-market or high-yield savings account is perfect for this purpose. Ideally, the savings account will link to your checking account so that you can transfer funds with ease. The key 
is that the money needs to be immediately accessible.
Immediately accessible means that the money is sitting in a bank account. Not in a certificate of deposit (“CD”). Not in the market. Not in some other assets.
What Qualifies as an Emergency?
Here’s a quiz:
A. There’s a sale on the Prada shoes you’ve always been dying to own.
B. You’re traveling in a foreign country, and a family member passes away. You need to buy a return flight home for the funeral.
C. If you don’t buy now, you’ll miss out on a once-in-a-lifetime offer to own your dream toaster at a discounted price. There has never been a sale like this one!
D. If you dip into your emergency savings, you’ll be able to afford the down payment on a mortgage of your dream house.
(Answer provided at the end.)
Think of an emergency as being a life-or-death situation. Like medical / health emergencies or your car breaking down and leaving you stranded.
Try not to get into the habit of dipping into your emergency savings and planning to replenish it in the future. You never know when an emergency is going to hit. That’s why it’s called an emergency. So you need to be prepared at all times. You will sleep better at night, trust me.
Don’t dip into your emergency savings at all unless you absolutely, definitely, necessarily have to.
Be sure to replenish the account as soon as possible if you do need to dip into it. Emergencies are not always one and done.
Let’s be honest: this takes major self-control. But you know what? You’ll sleep better at night knowing you’ve got money in the bank to weather the storm. 
And one more thing — the answer is B.