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Money and Finances
Reply to "quick question on savings and stocks"
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[quote=Anonymous]Yes. My checking account has 1-2 months of expenses. Other easily-accessible funds (others may refer to them as emergency funds) are in stocks/ETFs/funds in a taxable account at Vanguard. I've found that 0 percent credit cards can also be used for emergency fund purposes, or a short-term loan from the bank (that I pay back in days after stock sales clear). Another good option right now (because of high rates) for shorter-term savings needs is a high-yield savings account. I don't have one as I try to keep my # of accounts and institutional relationships to a minimum. I hope that answers your question. [/quote]
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