Sentences with phrase «use as an emergency fund»

Instead, save money and use it as an emergency fund.

But they should never, NEVER be used as an emergency fund, which a startling amount of «experts» merrily advise.

Refinancing your mortgage offers several benefits including lowering your monthly mortgage payments as well as leaving you extra money for personal reasons, such as savings, family or to use as an emergency fund.

They will use this as their emergency fund should they ever need it.

If I've already maxed out my retirement accounts and I have additional savings I can use as an emergency fund, it is indeed money I can afford to lose.

We should never use them as our emergency funds.

Once your bankruptcy or proposal is over, and you have some savings to use as an emergency fund, consider using some of your savings to get a secured credit card.

Your savings can be used as an emergency fund to help you deal with unexpected expenses.

The flexibility to use it as an emergency fund if we go through our current savings.

Perhaps this savings could be used as an emergency fund in case she ever gets in REALLY bad trouble, or maybe as part of a downpayment for their first home or wedding.

Also, continue your RD, use it as an Emergency fund, in case if you need to meet any unforeseen expenses.

A Roth IRA could be used as your emergency fund, since you can withdraw your contributions to your Roth IRA at any time for any purpose without tax or penalty.

It's better to pay the cheaper premium and have savings left over to invest, use as an emergency fund, or spend as needed.

Permanent life will cost you more than term life, but it will also provide you with savings for your survivors or to use as an emergency fund or retirement fund.

Not exact matches

But it also looked at who's putting that knowledge into action, factoring in the percentage of state residents who held to good financial habits (like building an emergency fund), as well as bad ones (spending more than they earn or using payday loans).

As far as the outspoken economist is concerned, the troubled asset fund deserves the same marks as most of the emergency actions that came out of the U.S. Federal Reserve, where Brusca used to worAs far as the outspoken economist is concerned, the troubled asset fund deserves the same marks as most of the emergency actions that came out of the U.S. Federal Reserve, where Brusca used to woras the outspoken economist is concerned, the troubled asset fund deserves the same marks as most of the emergency actions that came out of the U.S. Federal Reserve, where Brusca used to woras most of the emergency actions that came out of the U.S. Federal Reserve, where Brusca used to work.

You can also use your Roth IRA as an emergency fund, because your contributions (although not the investment growth) can be removed at any time penalty - free.

Many other financial advisors recommend similar approaches to emergency funds, such as investing in bond funds or using a Roth IRA, which allows you to withdraw contributions without tax penalties.

You can also use your Roth IRA as an emergency fund because you can always remove the money that you put in at any time.

(For more, see How to Use Your Roth IRA as an Emergency Fund.)

I have to whole - heartedly disagree with other posters» assessments of how people use emergency funds as crutches and excuses to buy.

First he proposed raiding the state Environmental Protection Fund, which Albany has long used as a convenient source of emergency budgetary cash.

«Boosting federal and state funding for substance abuse programs could help alleviate some of the frequent use of Emergency Departments as sources of addiction care.»

In 2008, Louisiana used its massive post-Katrina settlement from the Federal Emergency Management Agency (FEMA) as core funding for a $ 1.8 billion renovation program for public school facilities in New Orleans — and did so in a revolutionary way.

I think a savings account for a large purchase (and doubling as an emergency fund) is as good a use as any.

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.

Everyone is familiar with checking and saving accounts which are used to build pay bills and build emergency funds but there are other types of accounts as well.

Using retirement accounts as emergency funds is the worst thing one can do.

(For more, see How to Use Your Roth IRA as an Emergency Fund.)

Sometimes the funds are used for emergencies such as unexpected medical expenses or trips necessary for distant family obligations.

@ Al, I have had the same issue and it has annoyed me a bit, as I thought I could use my TFSA to act as a sort of emergency / vacation fund.

Ana likes the idea of keeping the $ 10,000 in cash as her emergency fund while Mike prefers to pay down the mortgage with the cash and will use a HELOC if an emergency comes up.

There are some situations (like mine) where using your HELOC (or regular line of credit) as an emergency fund is the best way to manage your cash.

Using a credit card as an emergency fund is not a good idea.

Obviously at this rate you wouldn't want to borrow from this account unless it was a VERY good investment, but it is well suited to use as an emergency source of funds.

If the emergency never hits and I keep this fund around for the next 35 years until I retire, I've paid a HUGE price to have this «insurance» (considering some use 5.5 % as returns after tax and inflation on conservative dividend paying blue chips).

«Although many homeowners associate them with renovations, they can also be used for things like emergency funds, college tuition and other big purchases such as a car.»

You can also start saving for other expenses, such as a larger emergency fund, a repair fund for your home or a replacement for your used car.

Some advocates of using your Roth IRA as an emergency fund counter that you should keep that part of your IRA in a money market fund to guard against a loss like that.

The topic of penalties on early withdrawals is complex and you will definitely need to see a tax professional to know if using your Roth IRA as an emergency fund makes sense.

However, as regards using your Roth IRA to house the bulk of your emergency funds, the downsides seem to outweigh any pluses.

I once heard Suze Orman advocate using your Roth Individual Retirement Arrangement (Roth IRA) as your emergency fund in a public television fundraiser broadcast.

There are a number of reasons why using your Roth IRA as a vehicle for your emergency fund is a bad idea:

However, the concept of using your Roth IRA as the primary vehicle for your emergency fund is something we have never addressed.

But regardless, if you must consider using your Roth IRA as an emergency fund, it's best to consult a tax professional.

As you know, for those willing to take additional risk, I have advocated the use of balance funds in an emergency fund.

If you have maxed out your retirement investment vehicles and have some additional investments in a regular taxable account, you can certainly use that as an emergency source of funds without much downside.

I agree with you over most of these advantages, but I really can't stand the idea of using a credit card as an emergency fund.

I also keep a smaller savings account at my primary bank that I use when I'm in a cash flow pinch and don't want to touch any other savings, such as my emergency fund, to get by for a few days or weeks.

Although I still agree in theory that using a line of credit for an emergency fund is a more efficient way to manage your money — having survived several rounds of job cuts in the past year I have embraced the idea of having plain old cash as an emergency fund.