Put your emergency fund in near-cash investments. Personally, I put 3 months worth in a simple savings account, and the other 3 months in a 90-day time deposit.
If you are able to manage to save 12 months worth as emergency fund, I’d put the last 6 month worth in a conservative UITF
My name is Fitz Villafuerte and I own this website. I’m a Filipino entrepreneur, author, corporate trainer, and a Registered Financial Planner.
In here, I curate various questions on business, investments, and personal finance. But there are also questions about wealth, success, and life in general.
You can visit and read my blog here; and if you want to send in questions that you want me to answer, then just email me here. Thanks!
Put your emergency fund in near-cash investments. Personally, I put 3 months worth in a simple savings account, and the other 3 months in a 90-day time deposit.
If you are able to manage to save 12 months worth as emergency fund, I’d put the last 6 month worth in a conservative UITF
Thank you Sir Fitz.
Good advise as I am asking the same question myself. Thanks.
Hi Fitz! Is it safe to keep your emergency fund on a Money Market Fund?