1

Non-emergency savings (and investments)

Submitted by Philip Brewer on October 10, 2007 - 05:39.

Once your emergency account is funded, it's time to start investing for the long-term, and those long-term investments can be tapped in the event of a major crisis. Having an emergency fund gives you some flexibility in deciding how and when to tap them.

For a planned major transition, planned savings targeted for that particular transition makes good sense.

Reply

Please keep the comments civil and on-topic. Abusive or inappropriate comments will be removed without warning. By posting here you agree to our terms of use.

The content of this field is kept private and will not be shown publicly.
If you leave a link (include the http:// part), your name will be linked to your homepage.

You may use some HTML for formatting: <strong>bold text</strong>, <em>italics</em>, and <a href="">for links</a>. Empty lines are automatically converted to paragraph breaks.

Or click the link above that says 'enable rich-text' to use the fancy editor.

Captcha
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites