My girlfriend is quite frugal and has successfully maintained an emergency fund of about $15,000 with an "incidentals" account that sits around $3,000.
She does not earn a lot of money, about $35,000 but has good has high income potential when she works contracts, she is 26 years old.
She has no debt, and really no outgoings except her rent and utilities. So all in all I would think a pretty solid position.
My question is:
Is her 15k in saving a waste earning less than 2% interest, should she be keeping 6 months EF as liquid and investing the rest? what sort of returns would she expect from low risk investment?
Now, she doesn't not know much about "adult" parts of life, only just rally taken control of her super and started looking at medical etc and insurances etc (not that we really need that stuff) I am historically bad with money, only just getting better the last couple of years, so my advice probably does not count for much. But i feel like she should do some research or speak to someone to get her money working for her. OR should she have more in the bank before she worries about that?