to be used for any question related to emergency, "rainy day", or reserve funds for an individual or family. The question can be related to calculating, creating, managing or understanding the need for emergency funds.
3
votes
3answers
116 views
What investment options should I consider for my emergency fund?
I have an emergency fund with 3 months of income saved up. It is currently in a money market earning less than 1%. This money is saved in case I lose my job or need to make a major repair on my home.
...
3
votes
3answers
141 views
How should we prioritize retirement savings, paying down debt, and saving for a house?
My wife and I are newlyweds. We currently have 6 months' emergency fund (3 months are currently in a CD, and 3 months in a high-yield savings account.) We are contributing to get the full match in her ...
2
votes
0answers
22 views
Nonresident Travel Money (Card or Bank Account) Solution with Emergency Cash Feature in Euros?
I'm from the new EU so my country's banks are not that advanced that they can offer me this feature. So this will be a nonresident account for travel money.
The solution I am looking for is like ...
10
votes
2answers
512 views
Should I pay off zero interest debt early?
My cash reserves are around $11k, including an emergency fund of about a month and a half, and I budget rigorously. The only debt I have is $7k at zero interest, paid at $300/month, and it's from a ...
3
votes
1answer
160 views
How to find a savings or money market account with a high interest rate / yield?
I have my emergency fund in an ING Direct savings account. The saving account does not really give a good return and I was wondering what are my options?
I want to put the money in some sort of ...
7
votes
3answers
205 views
Emergency Fund Suggestions - Purchasing Second Home
My wife and I are looking to purchase a home in the near future. With this in mind I am curious about how we should now look at our emergency fund situation. The general guideline you will see is ...
5
votes
5answers
614 views
Roth IRA = Emergency Fund. Any Safe Investments?
I've been building my emergency fund through automatic deposits into a Roth IRA at TDAmeritrade. This has been working well, since the money is out of sight, out of mind, and I can easily withdraw it ...
6
votes
5answers
174 views
Is it worth the hassle to open a reward checking account for 4.09%?
I am trying to decide what to do with my emergency fund. Looking around I found a bank giving out a 4.09% APY up to $10K USD. This will generate approximately $34 USD/Month.
They require that you ...
3
votes
3answers
71 views
Taxable money market fund vs. tax-free money market fund for emergency money?
I am trying to choose between a taxable or tax-free money market fund for my emergency money.
What are the high level guidelines to choose one over the other? I know that the tax-free typically has ...
11
votes
2answers
233 views
Where should I store some cash that I need to be somewhat liquid?
I've got under $10,000 that I want to put somewhere more awesome than my no interest checking account.
So far American Express Personal Savings at 1.15% APY is sounding nice. I can transfer out of it ...
14
votes
6answers
446 views
Importance of liquidity in emergency fund?
I know standard rules of thumb are that it is a good idea to have a liquid emergency fund of between of anywhere from 3-8 months of expenses (depending upon the source). How important is liquidity ...
0
votes
0answers
168 views
How much is appropriate for an emergency fund? [duplicate]
Possible Duplicate:
As a general rule, how much in “liquid” emergency savings should I have?
How can one calculate how much emergency fund should one put away? What factors? How ...
10
votes
8answers
324 views
What expenses do most people not prepare for that turn into “emergencies” but are not covered by an Emergency Fund?
I'm looking for expenses that most of us should be planning for, but that we may not think about. Some of these would be re-occurring expenses that happen infrequently, while others would be one time ...
8
votes
4answers
211 views
Should I switch to this high rate checking account for my emergency fund?
Okay, so I bank at a local credit union, AllegacyFCU. (Here is their rates sheet.)
Currently I have through this bank:
Daily Access Savings account with 0.2% interest
Totally Free Checking (no ...
15
votes
2answers
269 views
What should I reserve “emergency savings” for?
Should I reserve my "emergency savings" solely for times of unexpected unemployment, or keep these savings flexible enough to cover other unforeseen critical needs?
8
votes
5answers
343 views
Should your rainy day / emergency fund be in the same account as general savings?
Should your rainy day / emergency fund be in the same account as general savings?
13
votes
5answers
852 views
Where should I park my rainy-day / emergency fund? [US]
This is the US companion of the same question for Canadians Where can I park my rainy-day/ emergency fund?. Basically I want to know what options I have for my emergency fund?
6
votes
2answers
225 views
What expenses should be covered by an emergency fund
In going along with these questions
http://www.basicallymoney.com/questions/83/as-a-general-rule-how-much-in-liquid-emergency-savings-should-i-have
...
10
votes
3answers
2k views
What percent of salary should go towards retirement vs. emergency savings?
What percent of salary should go towards retirement vs. emergency savings? Should some be set aside each and every pay for emergencies?
38
votes
8answers
2k views
Where can I park my rainy-day / emergency fund? Savings accounts don't generate much interest
Savings accounts don't seem to generate much interest. What other options do I have for my emergency fund?
9
votes
4answers
209 views
Homeowners: How can you protect yourself from a financial worst-case scenario?
Say your a home-owner, a first time buyer. You've just got your first flat and your about 1 year into your 25 year mortgage.
Suddenly, something goes wrong with your job, and your made redundant ...
0
votes
0answers
447 views
How many months' worth of living expenses is considered an adequate “Rainy Day” fund? [duplicate]
Possible Duplicate:
As a general rule, how much in “liquid” emergency savings should I have?
I know I should have one, but I don't know how to start and how much I should have.
15
votes
13answers
8k views
As a general rule, how much in “liquid” emergency savings should I have?
I'm buying my very first home next week, and should be receiving the $8,000 first-time home buyers tax credit. A majority of my savings are going to the down-payment of the house, but we still have a ...
