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Feb 21, 2018
8:52:50am
diluigifan Contributor
Savings vs money market accounts for rainy day fund.
I need advice on two money related questions.

1. I am about to start accumulating a rainy day fund (6 months of living expenses). I do not anticipate dipping into this fund very often (like maybe once every 4-5 years if that?). Where would you put this money. I want it to grow while it's sitting.

2. I have a fund of money that I will be saving for 5 years before making a large purchase (home improvement). I will contribute to this fund 3x per year and will not take any money out until we are ready to pay for the home improvement with cash. Where would you put this money so it can grow?

Thanks in advance!
diluigifan
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diluigifan
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Mar 27, 2024
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