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beyondo-OG t1_j2f7pjw wrote

I agree that an emergency fund should be readily available, sort of...

I will always have 10-15K in a MM acct, that I can get to at any time. But I use my available credit for the remainder of my emerg funds. I have a 15K limit CC and a HELOC. No balance on either.

Set up rolling CDs using your emergency cash so you have one expiring each month, that way if you have a big unexpected expense you charge it, or borrow on your HELOC and use the CDs to pay it off over a few months. Worst case you're out a few months interest. In the mean time you're earning good interest on your emerg money.

BTW, my local credit union is offering 4% 6 month CDs right now. I would think that rate would be readily available anywhere...

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jammun14 OP t1_j2f820p wrote

That's a good idea. I think for most immediate emergencies I probably would use my credit card. Now you've set my brain into active mode!

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