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Reply to "Where do you save your "emergency fund"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have my HELOC available as emergency funding source. [/quote] So you don't have any emergency savings. Got it.[/quote] I have plenty of net worth and a very healthy income. However, just like I don't have a budget, I don't have the irrational need to keep cash or cash equivalents in a low/no yield account for "emergencies". A HELOC provides instant access to large amounts of money at a very low cost, allowing me to take the time to wait for incoming funds, or liquidate my other assets if needed. [/quote] And for this priveledge you pay, what $500-600/year?[/quote]
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