Put Your Emergency Fund To Work For Your Nest Egg
By now you’ve probably learned about the importance of having an emergency fund. While having one at the ready is absolutely the way to go, you don’t need to stick to the norm. Instead of wondering how many months of savings you need to set aside, it’s time to consider ways in which your emergency fund will work for you- literally.
Don’t just put money aside and leave it there. Instead, start investing that same money. That way, not only will you have cash at the ready in case of an emergency but the money will also grow at the same time until you need it.
A financial adviser can help guide you in the right direction. After all, having some of your money sit around earning as little as 0.2% while you probably have credit cards with 18% interest is not the way to go!