One thing the pros can agree on is Ramsey's belief that everyone should have enough money saved up to cover between three to six months of expenses.

The only thing that Filip Telibasa, CFP and owner of Benzina Wealth disagrees with is just how much money you need to keep on hand. While Telibasa believes that this is a good range, he says that people should base their savings on their actual needs.

"For example, if you have one source of income and dependents (kids) then you should be closer to 6 months," he says, adding that those with two income sources and no children may need far less.