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my emergency fund

My $42,000 Emergency Fund

Last Updated on August 24, 2021January 26, 2020 33 Comments
This post may contain affiliate links. Affiliate Disclosure.This post may contain affiliate links. Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. The site does not include all card companies, or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

*Unfortunately, there have been changes in recent years that have changed the nature of my emergency fund. Insight no longer offers a 5% interest account. I’ve also added Service Credit Union as a new 5% interest account and HMBradley and Service Credit Union give me access to 3% interest as well. Today, it’s no longer a $42,000 emergency fund. Instead, It’s now a $34,000 emergency fund. Still very good though. For more information about how to maximize your emergency fund, be sure to check out this post: Where To Get 5% Interest Savings Accounts Now That Insight Is Gone*

A few years ago, my wife and I had to pull a bunch of cash out of our emergency fund to fund the final year of her residency and cover some other big bills that came with her purchasing a practice and starting her career. Most people don’t realize it, but unlike medical residents – who get paid around $50,000 or so during their residencies – dental residents often make nothing and, in fact, actually have to pay tuition.

In this case, my wife’s residency cost about $20,000 per year which we were able to cash flow by using our savings and income. This wasn’t a problem since we have a pretty low cost of living and make good money, but in that final year, we found ourselves running a little low on cash. As a result, we had to turn to our emergency fund.

At its peak, our emergency fund sat at $40,000 – a massive amount of cash for most people. We ended up withdrawing about half of it last year and spent much of this past year building it back up. And a few months ago, we finally got our emergency fund back to its fully-funded state. It’s now sitting at $42,000 – even more than what we started with!

$42,000 is a pretty big chunk of change – and the most common question (and criticism) would probably be, why? What’s the point of having so much money sitting in cash?

The answer lies in this fact – I have my entire emergency earning 5% or more interest per year, guaranteed, with no risk of loss. As a result, I basically get the best of all worlds – a strong cash buffer that can help me through any problems, plus cash earning an interest rate that beats inflation.

In a way, my emergency fund acts as a sort of bond allocation in my overall portfolio, but with the added benefit that it cannot lose money. And as long as this system exists, I’ll never stop keeping this much cash on hand.

A History Of My Emergency Fund System And How It Works

One of the things about my emergency fund is that it’s not really based on any amount that I need to survive. Instead, it’s based entirely on how much money all of my different emergency fund accounts can hold. 

Here’s what I mean. For most people, emergency funds are based on covering a certain amount of expenses – typically three to six months of expenses.

When I first started getting interested in personal finance, that’s exactly what I did. I set up a high-yield savings account with Ally, estimated what my expenses were each month, and then went to work hitting that target number. At the time, Ally and other high-yield savings accounts were paying about 1% interest, which was essentially nothing. Today, they’re paying still paying essentially nothing.

My emergency fund strategy changed dramatically when I learned that there were accounts out there that offered 5% interest in FDIC-insured savings accounts. Using these accounts required some initial learning and setup, but once you got through the setup phase, the accounts all took care of themselves. The big catch was that there was a limit to how much you could put into these 5% interest accounts. However, you could open up multiple versions of the same account, which meant that you could put away much more money into these 5% interest savings accounts.

So, my goals changed. Instead of aiming to save 3-6 months of expenses, I wanted to max out all of these 5% interest savings accounts.

First, I opened up 10 accounts with Netspend. I opened these accounts in 2016, and back then, they actually let you put up to $5,000 in each account earning an interest rate of 5%, but that was eventually cut down to a max of $1,000 in each account earning 5% interest. Since you could open up 5 Netspend accounts per person, my wife and I needed to save $10,000 to max out all of our Netspend 5% interest accounts. We were able to do that pretty quickly.

After that, I learned about Insight. This account worked the same way as the Netspend accounts except that they let you earn 5% interest on up to $5,000 per account. The number of Insight accounts you could open per person was a little bit indeterminate, however. Some people could only get 2 accounts per person. Others were able to get 4 per person. I managed to get 3 Insight accounts for myself and 3 for my wife – or 6 total Insight accounts between us. Maxing out those 6 Insight accounts meant we had another $30,000 earning 5% interest.

This past year, I added another account to my 5% interest account portfolio when I discovered that Digital Credit Union offers a 6.17% savings account on the first $1,000. This account was an easy account to add to my emergency fund portfolio since it didn’t require going through hoops and worked like a normal, fee-free savings account. I opened an account for myself and one for my wife, which gave us another $2,000 earning over 5% interest.

There was a short moment a few years ago when Insight took away their 5% interest savings accounts, which was a bummer and reduced how much I had in my 5% interest accounts. But then, a few months after Insight took away the 5% interest accounts, they brought them back for current account holders with no explanation as to why they brought them back. I’m not asking questions, so as long as it’s still active, I’ll keep using it.

And so, my emergency fund sits, fully-funded, at $42,000, earning approximately 5% interest every year. It generates about $2,100 of interest each year without me having to do anything – and it gives me comfort in knowing that I have a lot of cash sitting there that cannot lose value and that I can access if I ever need to.

How To Create Your 5% Interest Emergency Fund 

The steps to create your own emergency fund using 5% interest accounts are still out there, although word of warning – this will take some initial upfront work. It’s admittedly not for everyone, although if you’re the type of person that is into financial independence and travel hacking, doing something like this might be right up your alley. 

Below is the basic framework for this emergency fund and the accounts you’ll need to use if you want to replicate this strategy. You’ll want to read the in-depth posts I’ve written about each account to make sure you set them up correctly and know how to use them.

1. Netspend. Netspend allows each person to open 5 Netspend accounts per person with a max of $1,000 in each account earning 5% interest. What this means is that each person can put away $5,000 per person. If you’re a two-person household, you’re looking at being able to put away $10,000 total – which isn’t a bad cash buffer to have.

Note that there are five “flavors” of Netspend cards that you’ll need to open to max out all of your Netspend accounts – the regular Netspend card, the Ace Elite card, the Western Union card, the H-E-B card, and the Netspend MLB card. Be sure to read my post on how to set these Netspend accounts up before you dive into this, as there is a lot that you need to know to use these accounts correctly. 

2. Digital Credit Union. Digital Credit Union is an online credit union that offers a 6.17% interest savings account on the first $1,000 you put into it. You can open 1 DCU account per person, so a household can easily open two accounts and put away $2,000 earning over 6% interest. You can also open custodial accounts for your kids, which means that you can put away a little bit more depending on how many kids you have.

DCU has no fees and no hoops to jump through. The only thing you have to do is make a one-time, $10 donation to Reach Out For Schools (this is the cheapest donation you can make to join this credit union). You don’t have to pay this donation each year – only the one time when you set up your account. Make sure to open the savings account only – you don’t need to open the checking account for this one.

3. Insight. Insight is a bit of a strange one with a status that is sort of up in the air at the moment. The accounts work the same way as the Netspend accounts except that each account allows you to earn 5% interest on up to $5,000. In the past, it was possible to open up somewhere between 2-4 Insight accounts per person (for whatever reason, the number of accounts you could open seemed to vary).

A few years ago, Insight shut down their 5% accounts, but then randomly brought them back for people that kept their accounts open (which was good for me because I never closed my Insight accounts after they were nerfed). New users, on the other hand, have only been able to open Insight accounts with 1% interest savings accounts, which makes it worthless. 

Recently, however, there have been data points in which new users have been able to open Insight accounts and still get access to the 5% interest savings account. This includes a friend of mine that opened an Insight account a few months ago and was able to access the 5% interest savings account even though it seems like it shouldn’t be available. 

Others have reported that the 5% interest accounts are available for Insight cards if you open them at a retail location. I’ve never opened an Insight card at a store, but apparently, you can get them at check-cashing places. I have a friend that has opened several of them at a check-cashing place near his house and has never had any issues.

Your mileage is going to vary on this and unfortunately, I don’t have any exact tips on how to get the Insight 5% accounts if you’re a new user. Depending on how much work you want to do, it might be worth seeing if you can open an Insight account and get access to the 5% interest saving account. If you can’t, just close it out.

Thoughts On My $42,000 Emergency Fund

There’s a lot of comfort in having this much cash sitting around, and as I mentioned before, as long as this method sticks around, I’ll continue maxing out these accounts. My $42,000 emergency fund generates $2,100 of interest per year, which is not a bad amount to get for something that takes me no work to maintain at this point. I’ve automated everything and the only thing I do is pull the interest out once per quarter (which takes me a few minutes every 3 months). 

In a way, I think of this emergency fund as a sort of bond allocation for my overall portfolio. I’m very aggressive with the rest of my investing in the form of equities and businesses, so keeping a pretty big chunk of money in cash accounts like this one helps to balance out some of the more aggressive investing I do. 

An added benefit of using these 5% interest accounts for my emergency fund is that it also adds an extra layer between me and the money. One of the temptations with any emergency fund is to use it for non-emergency spending, but by keeping my emergency fund in these accounts, I know that if I want to pull the money out, it’ll take me a little bit more work. A little friction is enough to keep me from dipping my hand into the cookie jar.

I will admit that most people probably won’t be able to replicate this exact system – at least not without Insight working the way it works for me. That said, most households should still be able to put $12,000 into 5% interest accounts without much work or hassle (10 Netspend accounts + 2 DCU accounts). That’s not a bad amount to have as a cash buffer. And if you’re able to earn 5% on it, there’s almost no reason not to keep the cash on hand. 

*If you’re interested in replicating this emergency fund system, be sure to carefully read my step-by-step Netspend guide to understand how these accounts work.

This post may contain affiliate links. Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. The site does not include all card companies, or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Check out these other ebikes and scooters I've reviewed:

  • Urban Arrow Ebike – Last year, I made one of the largest purchases I’ve ever made – I bought a $9,000 electric cargo bike from Urban Arrow. In my Urban Arrow review, I will discuss what it is and why I decided to buy this bike, as well as discuss how impactful a bike like this can be on your journey to financial independence.
  • Troxus Explorer Step-Thru Ebike – The Troxus Explorer Step-Thru is a fat-tire ebike that I’ve had the pleasure of riding for a while now. It has amazing power, great looks, and awesome range. If you’re looking for a great fat-tire ebike that offers a lot for the price, the Troxus Explorer Step-Thru is definitely one for you to consider. Check out my Troxus Explorer Step-Thru Review.
  • Hovsco HovBeta Ebike – The HovBeta is a folding ebike with great specs and a lot of interesting features, and importantly, it’s sold at a good price point. I’ve had a blast commuting with it and using it to do deliveries with DoorDash, Uber Eats, and Grubhub. Check out my Hovsco HovBeta Ebike Review.
  • Vanpowers Manidae Ebike – The Vanpowers Manidae is a fat tire ebike that I’ve been riding as my primary winter commuting bike and have also been using it to do food delivery with apps like DoorDash, Uber Eats, and Grubhub. After clocking in a decent number of miles with this ebike, I wanted to write a post sharing what my experience with the Vanpowers Manidae ebike has been like. Check out my Vanpowers Manidae Review.
  • Sohamo S3 Step-Thru Folding EBike Review – A Great Value Folding Ebike – The Sohamo S3 Step-Thru Folding Ebike is an entry-level folding ebike that offers a lot of value for the price point. I’ve been riding the Sohamo S3 for a while now, putting the bike through its paces, and I have to say, this bike has exceeded all of my expectations. Check out my Sohamo Review.
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  • Himiway Escape Ebike – The Himiway Escape is an interesting bike for anyone looking for a moped-style ebike. If you’re a gig economy worker, the Himiway Escape is particularly interesting and it’s possible to think of it as an investment, especially if you can opt to do deliveries with the Himiway versus using a car. It’s not cheap, but you can definitely make your money back when you compare the mileage you’ll put on your car versus using an ebike. Check out my Himiway Escape Bike Review.
  • Espin Sport Ebike – The Espin Sport is a good ebike for someone who is looking for an ebike that feels and rides more like a regular bike. There are many ebikes that are really only bikes in name. In reality, they’re basically electric mopeds. The Espin Sport, by contrast, is a bike you could probably ride without the battery and you’d feel like you’re just riding a regular bike. Check out my Espin Sport Review.
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For additional investing app bonuses, be sure to check out the ones below:

  • M1 Finance ($100) – This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account. Check out my M1 Finance Referral Bonus – Step-By-Step Guide.
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If you’re looking for more easy bank bonuses, check out the below options. These bonuses are all easy to earn and have no fees or minimum balance requirements to worry about.

  • Upgrade ($200) – Upgrade is a free checking account that’s currently offering a $200 referral bonus if you open an account and complete a direct deposit. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Here’s a post I wrote with more details: Upgrade $200 Referral Bonus – Step By Step Directions.
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  • US Bank Business ($900) – This is a fairly easy bank bonus to earn, since there are no direct deposit requirements. In addition, you can open the Silver Business Checking account, which comes with no monthly fees. Check out how to earn this big bonus here.
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  • Current ($50) – Current is a free fintech bank that’s offering new users a $50 referral bonus after signing up for an account using a referral link. Current is an easy bonus to earn and also gives you access to three savings accounts that pay you 4% interest on up to $2,000. That means you can put away up to $6,000 earning 4% interest. That’s very good and makes Current an account I recommend to everyone. Check out my step-by-step guide on how to earn your Current Bank bonus.
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  • Varo ($25) – Varo is a free fintech banking app similar to Chime or Current. It’s currently offering a $25 bonus to new users that open a new Varo account with a referral link. The bonus for this bank is very easy to meet, all you need to do is spend $20 within 30 days of opening your Varo account. Check out my step-by-step guide to learn how to earn this bonus.
financial panther

Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.

Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

  • SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $300 if you complete a direct deposit.
  • 5% Savings Accounts. I'm currently getting 5.24% interest on my savings through a company called Raisin. Opening a Raisin account takes minutes to complete, it's free, and all of your funds are FDIC-insured. I explain how it works, why I'm now using it to store my emergency fund and any other cash savings I have, and why I recommend everyone check it out in this review.
  • US Bank Business. US Bank is currently offering new business customers a $900 signup bonus after opening a new account and meeting certain requirements.
  • M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account.
  • Empower. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.

Feel free to send Kevin a message here.

Filed Under: Money Hacks, Saving

Reader Interactions

Comments

  1. GG says

    June 4, 2021 at 10:00 am

    It seems that HEB has a debit card independent of the Netspend PrePaid card (both under Metabank, though). This debit card allows for activating a 6% Savings Account up to $2,000. Do you have any insight on this? I tried signing up today, and so far I haven’t been denied.

    https://www.hebdebit.com/

    Reply
  2. Sara Wagner says

    April 4, 2021 at 11:23 pm

    An idea I was thinking about if I ever have that much money to save is the bank account bonuses that require $15,000 or more to get the bonus. It would be a little more effort than these, but you’re already familiar and versed in bank account bonuses. Those ones are a bummer for me since I don’t anticipate having that much cash to play with.

    Reply
    • Financial Panther says

      April 5, 2021 at 10:57 am

      So being able to do those type of bank bonuses definitely is a little extra motivation to build up your emergency fund. It’s part of the reason why I keep a big chunk of cash on hand.

      Reply
  3. Dave R. says

    September 21, 2020 at 11:45 pm

    The FAIRWINDS Emergency Savings account is another good one (2.020% APY ). It’s not as high of an interest rate at DCU, but still competitive. Super easy to open online. https://www.fairwinds.org/personal/personal-banking-accounts/savings-accounts/emergency-savings-account.html

    Reply
  4. Carlos Meneses says

    September 16, 2020 at 1:36 pm

    Hello Kevin, I have on question. Why do you do if you have an emergency and need to use the money. You have so many different accounts that I imagine it’s hard to pull out the money at one time and have it together in one account for making the payment for the emergency

    Reply
    • Financial Panther says

      September 19, 2020 at 10:15 am

      All my accounts are linked to Ally, so it takes me 10 seconds to click and withdraw all the money at once. You just need one primary hub account that you can move all the money too if you need it.

      Reply
  5. Josh DeLong says

    July 25, 2020 at 10:18 am

    As of July 1, 2020 Insight card has dropped the APY of their Savings Account to 1% according to their agreement on their website.

    Reply
    • Financial Panther says

      July 25, 2020 at 11:27 am

      Yep. This just happened and is a real bummer. Wasn’t announced or anything seemingly.

      My suggestion is to still keep those Insight accounts open. Two years ago, they got rid of the 5% interest accounts for everyone, then randomly brought them back only for people who still had Insight accounts open. You never know if that’ll happen again, and so long as you have the $1 automated transfer in and out every 90 days to avoid inactivity fees, the account won’t cost anything to just keep open, just in case things change. That’s what I’m going to do anyway.

      Reply
  6. Russ says

    April 29, 2020 at 9:06 pm

    I think Netspend added another type of card WWE card……would this be a 6th account that could be used?

    Reply
    • Financial Panther says

      April 30, 2020 at 11:16 am

      I tried to do a 6th account once and it would not activate the savings feature. The rep said it was because I already had too many of them. It seems that it’s coded in that you can only have 5 netspend accounts total.

      Reply
  7. Brian says

    April 15, 2020 at 8:06 am

    Do you know where I can find a list of retail locations for the Insight. I remember reading their terms and as long as you open the account in a retail location, you’re entitled to the 5% savings.

    Reply
    • Greg says

      April 15, 2020 at 9:18 pm

      I could be wrong, but it looks like they are only issued by the Republic Bank of Chicago.

      Reply
    • Financial Panther says

      April 18, 2020 at 12:08 pm

      Unfortunately, I have no idea what the retail locations are. I’ve heard check cashing places have them, but I really don’t know.

      Reply
  8. Mary says

    April 3, 2020 at 12:44 pm

    Having a large emergency fund is a great stress reliever because you never know what could happen. $42,000 could last a long while during a tough time of unemployment, injury, or anything else.

    Reply
    • Financial Panther says

      April 3, 2020 at 6:19 pm

      Right – I could probably live for a year on this cash. And the fact that it generates $2,100 of interest each year is just icing on the cake. Basically no downside for me.

      Reply
  9. Bo @ The Dollar Blogger says

    March 21, 2020 at 11:44 am

    Those are some interesting ways to earn 5% on your emergency fund. I have heard of some banks and credit unions offering high rates given specific conditions, but 5% is really impressive.

    While I would consider $42k in an emergency fund to be somewhat excessive (at least for my lifestyle), at 5%, it’d be hard to complain about almost any balance

    -Bo

    Reply
    • Financial Panther says

      March 27, 2020 at 1:29 pm

      Right, I wouldn’t generally keep that much if I was only earning 1% or whatever. But 5% with no risk of loss is actually meaningful.

      Reply
  10. Roxanne says

    January 29, 2020 at 10:13 pm

    This is great! I keep a big emergency fund too. I don’t think cash management is talked about enough in the personal finance sphere so thank you for sharing!

    Reply
    • Financial Panther says

      January 30, 2020 at 11:36 am

      Glad you enjoyed it!

      Reply
  11. Eric says

    January 28, 2020 at 9:10 pm

    Great stuff! Just signed up for DCU with the $10 donation. Is that a onetime donation or annual?

    Reply
    • Financial Panther says

      January 30, 2020 at 11:30 am

      Just one time.

      Reply
  12. Ernest says

    January 27, 2020 at 1:07 pm

    Thanks for posting this useful information. It’s very relevant too since my wife and I were just discussing where we should place our emergency savings. Going to plug this article on my channel as well since it’s such a valuable topic! 👍

    Reply
    • Financial Panther says

      January 27, 2020 at 11:59 pm

      Thanks Ernest!

      Reply
  13. DS says

    January 26, 2020 at 9:40 pm

    1. Way to go saving $42,000 in your emergency fund! As you know, this is a great buffer for unexpected life events and associated expenses.

    2. Thanks for shedding light on Netspend, Digital Credit Union, and Insight. My goal this week is to open at least one account with one of the three!

    Reply
    • Financial Panther says

      January 27, 2020 at 12:13 am

      For most people, it’d be too much to keep in cash probably. But I’ve never had a problem with it since I have this 5% account system working for me.

      DCU is the easiest one to do – it’s just like any normal bank and you won’t have to worry about fees or anything weird with it other than that you have to make a $10 donation to “Reach Out For Schools” to qualify for membership in the credit union. That’s worth doing to gain access to the 6.17% interest account. Netspend is also easy if you read my post on the subject. Insight is a toss-up right now, so I can’t guarantee that it still works for everyone.

      Reply
      • F says

        January 29, 2020 at 10:47 pm

        I just signed up and am having trouble logging in online. Do I have to wait for something in the mail in order to access my online account? Also for my initial deposit they only allowed me to pay by credit/debit card. I assume future deposits can be made by ACH transfer between accounts?

        Reply
        • Financial Panther says

          January 30, 2020 at 11:37 am

          Hmm…you need your DCU member ID number, but I can’t remember if that was sent to me in the mail – probably I think.

          You can link your normal bank account and then do transfers. I always link from Ally and do my transfers from Ally (so ACH push into the DCU account).

          Reply
  14. Katia says

    January 26, 2020 at 7:24 pm

    T-Mobile Money (available to T-Mobile customers only) now pays 4% on the first $3,000, as long as you transfer at least $200 into the account every month. So my husband and I both have $3,000 in there and transfer $200 and then pull it out (automatically). It ends up being slightly less than 4% because of the time the extra $200 spends “traveling” and not earning interest, but it’s another option if 1) you have T-Mobile and 2) you want to get a better-than-average return past your $42,000.

    Reply
    • Financial Panther says

      January 27, 2020 at 12:42 am

      Ah that’s a good one too. Very easy to just automate the $200 in and out like you do. I unfortunately don’t have T-Mobile, but if you do have T-Mobile, seems like it would make a lot of sense to use those accounts too for a little extra cash cushion.

      Reply
  15. Financial Samurai says

    January 26, 2020 at 6:55 pm

    Wow! I haven’t heard of 5% FDIC-insured savings accounts in a LOOOONG time. Like since the financial crisis, but the highest I got was like maybe 4%.

    I kinda stuff thinking about an EF… and just started thinking everything was accessible since our investments can generally be liquidated in in our bank account within 3-4 days.

    If I could get 5%, I would probably dump 70% of our net worth in it right now!

    Sam

    Reply
    • Financial Panther says

      January 27, 2020 at 12:41 am

      I’d be less conservative with the emergency fund thing if I didn’t have these 5% accounts. The fact that I have them makes it pretty easy for me to just keep that money in cash and let it sit there, working as a sort of a bond allocation in my overall portfolio. I’ll keep doing this until it goes away at least.

      Reply
  16. Nathan says

    January 26, 2020 at 5:17 pm

    Alright I’m taking this post as motivation to get this done lol. Was already looking into it, and this post tipped me over the edge. I’ve had our emergency fund in a Betterment 60% stock 40% bond account but I would feel better about getting a guaranteed 5% (as long as these accounts stay at that rate).

    It is a bit annoying how complex getting the accounts set up is, but I feel like most good things in life take a little more work than the average person is willing to put in lol. Shouldn’t be anymore work than I’ve done with travel hacking.

    I think emergency funds are kind of a gray area in the personal finance space. Some people do a simple savings account, some use their Roth IRA, some don’t put anything away and would use their home equity to open a line of credit. As long as you have some kind of plan you’re probably going to be fine. I like this guaranteed 5% plan though

    Reply
    • Financial Panther says

      January 27, 2020 at 12:38 am

      Right, so I look at this like travel hacking – it takes work to understand it, but once you get through that initial phase, it’s second nature. A lot of us spend a lot more time learning travel hacking but it’s much “cooler” to learn how to use credit cards than it is to learn how to open these savings accounts.

      Reply

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