[USER]

How much money in emergency fund you can use right away? No interest on this account. The other money is on a saving account or broker account.

When it comes to managing personal finances, one crucial consideration is how accessible your emergency fund is during a crisis.

Emergencies often arise unexpectedly, so having a portion of your emergency savings that can be quickly accessed is essential.

In your opinion, how much of an emergency fund should be set aside for immediate access? Should it be a specific percentage, or does it depend on the type of emergency or financial situation?

How do you balance between having enough readily available for urgent needs and keeping some in longer-term savings accounts or investments that may take more time to access?

Your insights on how much of an emergency fund should be easily accessible would be greatly appreciated!

[Rob]

Emergency funds are overrated. Keep one months expenses in cash. For anything beyond that keep one CC with a high limit around.

You can always liquidate some money in a brokerage acct and have the money accessible within 5 days to pay off the CC.

[Dave]

I don’t have any money that’s not making any interest. I have a high interest savings account that makes 3.5% (it was at 5% before rates started dropping) I can access right away.

That’s where I keep my emergency funds.

[Mark]

Everyone’s is different depending on their situation. Standard practice is 3 to 6 months expenses in hysa or mmf.

U should be getting about 4% now

[Sanders]

Not sure what you’re asking.
I have no money (other than what covers my bills for the month) making 0%.

I have a credit line against my brokerage account where I can wire any amount of money within an hour or two, so the concept of an emergency fund makes no sense.

[Brian]

All of it if needed and its an emergency. Any of it that you can’t use isn’t emergency funds.

[Ford]

Very lean, pretty much only 3-4k over what we owe for property taxes.
We have very robust brokerage accounts that are invested in index funds that can be withdrawn at any time however.

2 income household, could easily survive on 1 income if needed.

[Author]

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