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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Ever since we married, we have tried to keep 3 months of expenses in cash in a savings account. We also could float another two months through credit and selling some property if needed. Would you put any of your emergency fund in a MM account?[/quote] How much is in your checking account? If you don’t keep 3months of expenses in there how do make sure it doesn’t bottom out due to timing of when bills land?[/quote] Not OP, we generally keep 1 month of bills cushion in our checking account. Since our paychecks go to checking and are more than our monthly bills, that's enough cushion. Monthly we move the surplus to our emergency fund, and then every 6 months or so evaluate how much is in the emergency fund and if it grows enough, where to put the extra- right now it's all into the kids 529s. That's all after doing max 401k/Roth contributions.[/quote]
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