Not exact matches
They are also ideal for accumulating a
cash reserve
fund, where
funds can be easily accessed for
emergencies, such as a major car repair or a
big medical expense.
An
emergency fund is that
big wad of
cash you set aside for job loss, accidents, or water heater issues.
For one, Linda, I'm not a fan of having a
big emergency fund in
cash earning 1 %, while your mortgage or other debt is at 3 % or more.
I think of insurance as a very
big emergency fund that supplements a cash emergency fund in case a person experiences a BIG emergency — a major accident, death, or inju
big emergency fund that supplements a
cash emergency fund in case a person experiences a
BIG emergency — a major accident, death, or inju
BIG emergency — a major accident, death, or injury.
Your
emergency fund doesn't need to just be one
big pile of
cash sitting in a savings account at your local bank.
You've set up your rainy day
cash fund in case of
emergencies, planned for
big ticket items, paid off your high - interest debts, and now you're looking for the best place to invest 10 grand to get some decent growth without taking on undue risk.