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College and University Discussion
Reply to "Moving $200,000 out of cash to improve chances for college financial aid?"
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[quote=Anonymous][quote=Anonymous]Why do you have $200K in an emergency fund? Is that for emergency Porsche replacement?[/quote] Agree. Emergency savings is supposed to be 3 mos of monthly bills or 6 months if you can swing it. If that is 3 to 6 months of your expenses, you need to reduce your overhead.[/quote]
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