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re: How many of you have a six month emergency fund?
Posted on 4/7/20 at 6:49 pm to oilattorney4lsu
Posted on 4/7/20 at 6:49 pm to oilattorney4lsu
I have about 7 months straight cash. Definitely beefing it up after all this though.
My job is secure for now. There is no such thing as too much savings though.
My job is secure for now. There is no such thing as too much savings though.
2
Posted on 4/7/20 at 6:51 pm to jclem11
quote:
There is no such thing as too much savings though.
Very recently, the economy was roaring and it was widely accepted that sitting on a mountain of cash was stupid.
I'll definitely be revamping after this passes. I wont be caught with any uncertainty again. Problem is that depending how hard I get hit this time, that cod take years
Posted on 4/7/20 at 6:58 pm to jclem11
quote:
There is no such thing as too much savings though.
You got to save some but there can be too much savings. The national average is .09 APY, there are easy alternatives to getting a much better return on your money than a savings account. I’m not saying drain you savings account but why not invest when you have money sitting around?
This post was edited on 4/7/20 at 7:01 pm
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