logo

Channel List
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies
Safety
We take forum safety very seriously here at BellaOnline. Please be sure to read through our Forum Guidelines. Let us know if you have any questions or comments!
Newest Members
LApausi, ishayk84, Krztypie, Louis Taylor, Jonhob
58292 Registered Users
Forum Stats
58,292 Registered Members
417 Forums
118,894 Topics
844,030 Posts

Most users ever online: 615 @ 04/22/15 10:11 AM
Top Posters (30 Days)
Nancy Roussy 282
Mona - Astronomy 109
Susan Helene Kramer 27
Angie 27
Connie - ADD/Sandwiches/Reading 23
Lisa LowCarb / VideoGames 17
Dianne W - Editor 17
Angela - Drama Movies 16
Korie - California/Yoga/Knitting Editor 13
Celestine - Baptist Editor 12
Ad Income Supports Charity
Page 1 of 2 1 2 >
Topic Options
#886501 - 02/09/15 07:24 AM Where to Keep Emergency Funds
Sandra Investing/HFinance Offline
BellaOnline Editor
Koala

Registered: 07/13/12
Posts: 2025
An emergency fund is essential to avoid debt. Initially, you may choose to keep your savings at home. You have several options where to keep your savings once you reach a larger amount of money.

Where to Keep Emergency Funds
_________________________
Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage



Top
#886502 - 02/09/15 07:25 AM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Sandra Investing/HFinance Offline
BellaOnline Editor
Koala

Registered: 07/13/12
Posts: 2025
Do you have an emergency fund? Do you use money market funds?
_________________________
Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage



Top
#886520 - 02/09/15 11:56 AM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Gordon Barlow Offline
Jellyfish

Registered: 01/12/14
Posts: 125
Loc: Cayman Islands
Sandra - how much interest do your own money-market funds pay? Down here (Cayman, in the Caribbean), banks' MM funds pay less than one per cent, in US Dollars. Not worth the effort, we reckon.
_________________________
www.barlowscayman.blogspot.com

Top
#886561 - 02/09/15 09:37 PM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Susan Helene Kramer Offline
BellaOnline Editor
Stone Age Human

Registered: 10/06/03
Posts: 8726
Loc: The Netherlands
How about several hundred stashed in a home hiding place ...

Top
#886584 - 02/10/15 02:52 AM Re: Where to Keep Emergency Funds [Re: Susan Helene Kramer]
Gordon Barlow Offline
Jellyfish

Registered: 01/12/14
Posts: 125
Loc: Cayman Islands
Oooh, Susan - I hope the Dutch burglars aren't reading this!
_________________________
www.barlowscayman.blogspot.com

Top
#886587 - 02/10/15 06:03 AM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Susan Helene Kramer Offline
BellaOnline Editor
Stone Age Human

Registered: 10/06/03
Posts: 8726
Loc: The Netherlands
we're secure and that idea is for others, not for ourselves ... LOL

Top
#886595 - 02/10/15 09:55 AM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Sandra Investing/HFinance Offline
BellaOnline Editor
Koala

Registered: 07/13/12
Posts: 2025
Gordon -

Most money market accounts in the U.S. pay less than one percent. I get what you are saying, but I have to disagree with your thinking.

For many people it is a struggle to save for an emergency fund. They work hard for their money and sacrifice to save. Why let that money just sit there? Money should work just as hard for you as you do to make it.

Sure, it is not a lot now. But, eventually, rates will rise. Not a bad idea to establish the habit of having an account. Besides, every little extra bit is a big deal to many families.
_________________________
Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage



Top
#886596 - 02/10/15 09:56 AM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Sandra Investing/HFinance Offline
BellaOnline Editor
Koala

Registered: 07/13/12
Posts: 2025
Susan,

I see no problem with money saved in a home safe. Each person must do what suits them.

I like to see as much money go to work for someone as it can. Even if interest is low, at least your money is working for you. But I also see the comfort of having some on hand and close to home.
_________________________
Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage



Top
#886601 - 02/10/15 01:36 PM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Trish-D Offline
BellaOnline Editor
Parakeet

Registered: 12/06/07
Posts: 958
Loc: Michigan, US
Great advice in the article and here Sandra. I made a hiding place out of an old book by hallowing out a section in the middle and gluing the outer edges of the pages shut. That's for just a little cash on hand. The larger emergency fund is in savings. I hadn't considered money markets. I will look into this. Thank you.
_________________________
Trish Deneen
PatriciaJoy.com

Top
#886603 - 02/10/15 02:03 PM Re: Where to Keep Emergency Funds [Re: Sandra Investing/HFinance]
Gordon Barlow Offline
Jellyfish

Registered: 01/12/14
Posts: 125
Loc: Cayman Islands
Sandra. I hear you, and that's good advice for people living permanently within a single currency area. But not otherwise. I am one of those who suspects there are serious currency problems just down the road, including currency-controls. I am old enough to remember when currency-controls existed in Australia and Britain. Then, it made sense to have money beyond the reach of those nations' authorities. I think the limit was 50 pounds, for British people who travelled outside the country. PARAGRAPH HERE; I DON'T KNOW HOW TO MAKE PARAGRAPHS ON THIS SITE! It also may be prudent - depending on one's plans, and one's situation - to hold money in different currencies. My wife and I are retired, so we're not tied to jobs - and that colours my thinking. But there may be others in this forum who are in the same situation. (I've no idea!)
_________________________
www.barlowscayman.blogspot.com

Top
Page 1 of 2 1 2 >

Moderator:  Sandra Investing/HFinance 

Want to reply? Register as a Forum Member - it's quick, free and fun!
Brand New Posts
How is your health these days?
by Nancy Roussy
Inspiration
Today at 05:31 PM
Lisa's Daily 10pm EST / 8pm MST Meditation
by Lisa LowCarb / VideoGames
Meditation
Today at 03:13 PM
What are your job search challenges
by Nancy Roussy
Job Search
Today at 11:53 AM
Quick pre-interview moment check list
by Nancy Roussy
Job Search
Today at 11:49 AM
What will you do today?
by Mona - Astronomy
Inspiration
Today at 10:52 AM
Supersmart Astro Women
by Mona - Astronomy
Astronomy
Today at 10:40 AM
What Yoga did you Do Today?
by Lisa LowCarb / VideoGames
Yoga
Today at 08:34 AM
Asteroid? No, here comes a Chinese space station!
by Mona - Astronomy
Astronomy
Today at 08:11 AM
Where are you and how is the weather?
by Mona - Astronomy
Inspiration
Today at 07:59 AM
What did you SPEND money on today?
by Nancy Roussy
Frugal Living
Today at 07:58 AM
Register to Post!
Want to post? For security reasons you need to Register as a Forum Member. It's quick, easy and free!
Forum Activities
Book Clubs
Trivia Contests
Who's Online
0 registered (), 73 Guests and 3 Spiders online.
Key: Admin, Global Mod, Mod
Ad Income Supports Charity



| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2016 Minerva WebWorks LLC. All rights reserved.