- Joined
- Aug 19, 2002
- Messages
- 671
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Hello,
I was looking into funding a "emergency fund" for ~3mo-4mo. My mortgage and all bills etc = around $1100/mo. So my wife and I figure that $5,000 would be a good starting figure.
We have almost all $5k to put away w/in the next 2mo, but I'm curious as to put it into a MMA vs revolving CD's for return etc.
Does anyone have any suggestions for where to place the $?
I have fidelity for my retirement, and we both have BOA for our regular bank.
Thanks in advance!
....and in case it matters, we both have 401k's that are above the matches, and I have a roth funded to the max as well for last/this/next year. I DO have student loans ($180k), and car loan $14k at 4.5%.
I was looking into funding a "emergency fund" for ~3mo-4mo. My mortgage and all bills etc = around $1100/mo. So my wife and I figure that $5,000 would be a good starting figure.
We have almost all $5k to put away w/in the next 2mo, but I'm curious as to put it into a MMA vs revolving CD's for return etc.
Does anyone have any suggestions for where to place the $?
I have fidelity for my retirement, and we both have BOA for our regular bank.
Thanks in advance!
....and in case it matters, we both have 401k's that are above the matches, and I have a roth funded to the max as well for last/this/next year. I DO have student loans ($180k), and car loan $14k at 4.5%.