thescoop_ t1_iubysam wrote on October 30, 2022 at 4:00 AM

HYSA is where we have squirreled money away. We have easy access, no penalties and, currently, the rates are so high that we haven't found anything that competes.

alessandrahype t1_iubz8wb wrote on October 30, 2022 at 4:04 AM

Okay gotcha... putting it in a HYSA would make me the most comfortable, but I wasn't sure what the recommendation was for small amounts of money specifically. It's not like I regularly get windfalls, but I do regularly have small amounts of money appear and I don't want it to go to waste!

thescoop_ t1_iuc0ldf wrote on October 30, 2022 at 4:19 AM

We started out with just a few thousand but make regular contributions. We have a mutual fund, the emergency fund, 401k, Roth, stocks... out of all of it, the HYSA is the only one making money, the only one that is safe and the only one that won't penalize us if things were to nose dive and we needed our money.

alessandrahype t1_iudu2t1 wrote on October 30, 2022 at 4:05 PM

Great way to put things in perspective, thank you!