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Reply to "Emergency Fund question"
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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] Instead of a savings account, move it into a brokerage and invest in a MM fund. MM funds pay better interest than most banks and don't lose value. Once you save beyond your emergency fund goal (3 or 6 months), you could just invest in the market (e.g. VOO) from the same account. [/quote] My HYSA has a higher interest rate than MM. [/quote]
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