Not exact matches
Put
aside 5 - 10 percent of your net take - home pay — even if it's just $ 50 or $ 100 —
in a mutual fund, ETF or
money market account that will grow month to month.
If you're putting
money aside in a low, fixed interest rate savings or
money market account, this isn't investing.
It includes the obvious, such as what you earned on that
money you put
aside in a bank or
money market account, as well as on a few not - so - obvious sources: bonds, loans you made to others and even that piddling little amount your home lease security deposit brought
in.
After taking care of bills and other immediate payments, set some
money aside in a savings
account or
money market fund equivalent to 6 months to a year's worth of expenses.
While
money market fund managers say they are not seeing a sizable wave of redemptions yet, they are setting
aside more cash, leaving it at custodial bank
accounts in case investors demand their
money back.
A fully funded emergency fund is 3 — 6 months of your personal expenses set
aside in a savings or
money market account.
Our Business
Money Market is a great
account for setting
aside funds you may need to access
in the near future.