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Reply to "Tell me about your emergency fund"
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[quote=Anonymous]I think the wealthier your are, the less you need an "emergency" fund because you usually have an array of investments and you can choose the best one to withdraw from if you need the money. The less money you have, the more you need money dedicated to an emergency. I do think one has to be realistic about their risks, though. If you have a stable job, are young, single, healthy, rent, and have a newish car, then you are likely to need less in an emergency fund than someone who has various illnesses, owns a home, has kids, a shaky job, etc. Having said all that, I have about 3 months' in stable investments and the rest of my "emergency" fund is in mutual funds. But if push came to shove, I do have other options like a Roth IRA, credit card, 401k, etc.[/quote]
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