cash reserve

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3-6 months of living expenses?

Posted 1 year 20 weeks ago by Julie Rains

Personal Finance

wad of cash
Personal-finance experts often recommend having 3-6 months' worth of living expenses saved and easily accessible. In his July 1, 2007 Getting Going column ("Popular Advice You Shouldn't Take"), Wall Street Journal columnist Jonathan Clements offers alternatives to a cash account (e.g., savings account or CD). He's got practical ideas that relate to how people really think, live, save, and invest.

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