Sentences with phrase «accessible than your emergency»

It should be more accessible than your emergency fund, but less so than your checking and savings.

Not exact matches

My emergency fund needs to be very accessible, I can get the money in less than 24 hours.

Many savvy savers use their savings account for an emergency fund, as it is accessible with no notice, provides higher interest than a checking account, and keeps the funds separate so you don't accidently spend it.

The advantages of following Mort's approach are: It more quickly provides the security of debt - free home ownership, which will better enable you to weather any economic storms; in case of an emergency, the wealth in your home is more accessible than assets tied up in a retirement plan; and while Rob's return in the 401 (k) could fall or (even turn negative), Mort's interest savings on his mortgage is guaranteed.

-- Don't let sleeping savings lie: If you've saved more than the requisite three to six months worth of after - tax, readily accessible income for emergencies, consider moving some of the excess to investments that yield a higher return.