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re: Where do the Gurus of MT park their rainy day fund.

Posted on 12/12/12 at 4:29 pm to
Posted by Lou
Modesto, CA
Member since Aug 2005
8290 posts
Posted on 12/12/12 at 4:29 pm to
quote:

Yes. My wife likes to shop. Just kidding. I probably don't need that much, but I do.
Doesn't hurt. I have about three months in cash, but would like 6 months or even a year. For some reason it feels psychologically better to have that sitting there. I've been contributing to a Roth for about ten years so I have enough in there if worse came to worse. I would only touch retirement as a last resort though. Had a $20K HELOC but I am closing on a refi next week so that is going away. (15 yr / 2.875% by the way)
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38592 posts
Posted on 12/12/12 at 6:05 pm to
Which lender did you use for your re-fi?
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