Most financial planners recommend that most homeowners have at least six months» of expenses set aside in an easily
accessible rainy day account.
* New York's
rainy day account is at an all - time high of $ 1.8 billion, including a planned deposit of $ 315 million in surplus cash this year.
That is why my colleagues and I in the County Legislature voted to appropriate an additional $ 5 million of the county's fund balance,
our rainy day account, to help repair the county road system because it was not just raining; it was pouring.
Being prepared, «prepping,» is like
that rainy day account.
They have
a rainy day account, which restricts you to two withdrawals per year, but starts out paying 1.25 % the first year and doubles to 2.5 % on year 2 +.
I push all of my savings into my «
rainy day account».
This may create additional security and
a rainy day account for unexpected expenses.