Comments on: A complete guide to emergency funds – Part 2 http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/ A personal finance blog Mon, 14 Sep 2009 05:02:59 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Mack jackson http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-62 Mack jackson Mon, 07 Sep 2009 07:28:06 +0000 http://www.emoneylog.com/?p=72#comment-62 There is a great possibility of unexpected expenses for which you should keep some money as emergency fund. Post is giving great detailed knowledge regarding emergency fund, it will help the people who is having some less idea about it. There is a great possibility of unexpected expenses for which you should keep some money as emergency fund. Post is giving great detailed knowledge regarding emergency fund, it will help the people who is having some less idea about it.

]]> By: My top posts yet. | eMoneyLog http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-52 My top posts yet. | eMoneyLog Sat, 25 Jul 2009 13:07:11 +0000 http://www.emoneylog.com/?p=72#comment-52 [...] 4.  How to invest the emergency fund? [...] [...] 4.  How to invest the emergency fund? [...]

]]> By: Carnival of Financial Planning - Edition #95 - June 27, 2009 | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-37 Carnival of Financial Planning - Edition #95 - June 27, 2009 | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois Sat, 27 Jun 2009 04:59:08 +0000 http://www.emoneylog.com/?p=72#comment-37 [...] presents A complete guide to emergency funds - Part 2 | eMoneyLog posted at eMoneyLog, saying, “Emergency funds are the need of the hour. In this post I [...] [...] presents A complete guide to emergency funds – Part 2 | eMoneyLog posted at eMoneyLog, saying, “Emergency funds are the need of the hour. In this post I [...]

]]> By: 5 personal finance lessons we all should re-learn from the present financial crisis | eMoneyLog http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-31 5 personal finance lessons we all should re-learn from the present financial crisis | eMoneyLog Thu, 25 Jun 2009 05:41:34 +0000 http://www.emoneylog.com/?p=72#comment-31 [...] An emergency fund is like a safety net you can build to insulate yourself in case of any unfortunate events that may happens in your life. When we have a steady source of income we tend to ignore this and assume that things will continue to be smooth.  Some people depend on their credit cards limit for their emergency fund but it is not certain you will have it when you need it. Your credit line may be reduced or worse the credit card company may go under. One should also learn how to invest the emergency fund. [...] [...] An emergency fund is like a safety net you can build to insulate yourself in case of any unfortunate events that may happens in your life. When we have a steady source of income we tend to ignore this and assume that things will continue to be smooth.  Some people depend on their credit cards limit for their emergency fund but it is not certain you will have it when you need it. Your credit line may be reduced or worse the credit card company may go under. One should also learn how to invest the emergency fund. [...]

]]> By: admin http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-26 admin Wed, 17 Jun 2009 01:58:31 +0000 http://www.emoneylog.com/?p=72#comment-26 @ threadbndr: This is a great way to save your emergency fund. I feel I have done some injustice to the section 'How to invest your emergency fund?' I will update this section or this can be a good basis for a future article. @ threadbndr: This is a great way to save your emergency fund. I feel I have done some injustice to the section ‘How to invest your emergency fund?’ I will update this section or this can be a good basis for a future article.

]]> By: threadbndr http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-23 threadbndr Tue, 16 Jun 2009 22:29:25 +0000 http://www.emoneylog.com/?p=72#comment-23 I would disagree just a bit with the no 'CDs'. I certainly keep several (three) months expenses plus enough to cover my insurance deductables in totally liquid savings. But I do keep the rest of the "OMG, I lost my job" efund in laddered CDs with the maturities about a month apart. If push came to shove, my credit union will let me use them as collateral for a personal line of credit, so I don't even worry about the early cashout penalty. The more assets you have, the more flexibility you have. I wouldn't look to any kind of fixed instrument (bonds or cds) until you have enough in liquid savings to prevent any loss of principle that an early cashout would cause. I would disagree just a bit with the no ‘CDs’. I certainly keep several (three) months expenses plus enough to cover my insurance deductables in totally liquid savings. But I do keep the rest of the “OMG, I lost my job” efund in laddered CDs with the maturities about a month apart.

If push came to shove, my credit union will let me use them as collateral for a personal line of credit, so I don’t even worry about the early cashout penalty. The more assets you have, the more flexibility you have. I wouldn’t look to any kind of fixed instrument (bonds or cds) until you have enough in liquid savings to prevent any loss of principle that an early cashout would cause.

]]> By: A complete guide to emergency funds - Part 1 | eMoneyLog http://www.emoneylog.com/basic/a-complete-guide-to-emergency-funds-part-2/comment-page-1/#comment-21 A complete guide to emergency funds - Part 1 | eMoneyLog Thu, 11 Jun 2009 03:01:48 +0000 http://www.emoneylog.com/?p=72#comment-21 [...] Part 2: [...] [...] Part 2: [...]

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