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.

learn more… | top users | synonyms

20
votes
13answers
16k 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 ...
16
votes
5answers
1k views

Where should I park my rainy-day / emergency fund?

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?
61
votes
8answers
4k 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?
3
votes
1answer
211 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 ...
8
votes
4answers
288 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 ...
6
votes
2answers
348 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 ...
3
votes
3answers
1k 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. ...
18
votes
7answers
766 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 ...