Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
When developing your personal financial plan you need to analyze your (very personal) specific situation. In general, how big should an emergency fund be? Financial experts agree that a fully-funded emergency fund should be between three and six months of living expenses. But what does that really mean? Notice that the suggestion is based on âliving expensesâ â not âincomeâ.