Savings: Minding the gap refers to the 3-6 months of savings you should have at the ready in case of an emergency. The goal is to determine your job security, which leads you to the month range you think you will need. Example: Teachers have high job security so, I keep three months' salary in savings but, my wife is in sales, so she keeps six months savings for her job. Minding the Gap is that space you keep between you and the danger that forces you into debt. I recommend 5% monthly to this category till you reach your monthly goal. You use these savings for emergencies but, remember it is not an emergency if you are tapping this amount monthly. What is the 5% amount? How many months total do you think you should have for emergency savings, and why? How many months will you need to save till you meet your savings goal? What should you consider doing with that savings money after you reach your goal?